Today’s Levels (28-04-2010)

(Last Close : Sensex 17691 : Nifty Spot 5308)
Today’s Levels
Trade short if Sensex fails to sustain above 17691 (Nifty 5308)
[Downside targets/supports at 17616(5270)/17533(5245) or lower]
Trade long if Sensex sustains above 17533 (Nifty 5245)
[Upside targets/resistances at 17616(5270)/17691(5308) or higher]

FOR THE DAY (28-04-2010)

FOR THE DAY: The indices are expected to open on a negative note in response to the negative US and Asian indices. Traders are advised to trade long if Nifty sustains above 5220 levels, with stop loss placed at 5190 for the targets of 5250 and 5280 levels. Alternatively, trade short below 5190, targeting lower levels.