FOR THE DAY (22-04-2010)

FOR THE DAY: The indices are expected to open on a flat-to-negative note in response to the flattish US and weak Asian indices. Traders are advised to trade long if Nifty sustains above 5200 levels, with stop loss placed at 5180 for the targets of 5230 and 5250 levels. Alternatively, trade short below 5180 levels targeting lower support levels.

Today’s Levels (24-04-2010)

(Last Close : Sensex 17473 : Nifty Spot 5245)
Today’s Levels
Trade short if Sensex fails to sustain above 17473 (Nifty 5245)
[Downside targets/supports at 17446(5230)/17346(5182) or lower]
Trade long if Sensex sustains above 17346 (Nifty 5182)
[Upside targets/resistances at 17446(5230)/17473(5245) or higher]