FOR THE WEEK (09-13, Aug 2010)

FOR THE WEEK: The immediate resistance levels for the Sensex and Nifty are at 18280-18350-18400 and 5480-5500-5530, respectively, while the support level is at 18100-18000-17850 and 5430-5400-5380. Any move close to the resistance levels can be used to book partial profits and initiate fresh positional long positions only if the Sensex manages to sustain above its support levels. However, considering the global uncertainty, maintain strict stop losses for all the long positions

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