FOR THE DAY (29-07-2010)

FOR THE DAY: The indices are expected to open on a flat-to-negative note in response to the weak global indices. Trade long in Nifty above 5380 levels else from 5365 levels with stop loss placed at 5350 targeting 5400-5420 levels.

Today’s Levels (29-07-2010)

(Last Close : Sensex 17957 : Nifty Spot 5398)
Today’s Levels
Trade short if Sensex fails to sustain above 17957 (Nifty 5398)
[Downside targets/supports at 17925(5386)/17850(5368) or lower]
Trade long if Sensex sustains above 17925 (Nifty 5386)
[Upside targets/resistances at 17957(5398)/17980(5400) or higher]