Nifty Outlook (09 Aug-13th Aug)
NIFTY SPOT CLOSED @ 5439
NIFTY SPOT SUPPORTS @ 5410-5350-5300
NIFTY SPOT RESISTANCES @ 5482-5555-5600
NIFTY SPOT STRONG/WEAK ABOVE/BELOW 5410 FOR COMING WEEK.
Last week, when Nifty Closed @ 5367, We suggested to Use SL 5350 Spot for Short term Longs & bounce back possible if Holds 5350. Nifty Made high @ 5487+, But failed to Close Above 5480 due to profit booking @ Higher level ahead of Week-end. One Should Use 5350 Spot closing for any short term Longs. Small-Mid Caps are more buzzing compare with Index. Overall Market looks Range bound of 5350-5520.
Regards,
www.equityahead.com
