FOR THE WEEK (02-06, Aug 2010)


The immediate resistance levels for the Sensex and Nifty are at 18000-18100-18200 and 5400-5450-5480, respectively, while the support level is at 17830-17750-17700 and 5350-5320-5300. Any move close to the resistance levels should be used to exit from long positions. Initiate fresh positional long positions only if the Sensex manages to sustain above 18000. However, given the global uncertainty, maintain strict stop losses for all long positions.

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