FOR THE DAY (20-08-2010)

FOR THE DAY: The indices are expected to open on a flat note in response to flat‐to‐negative global indices. Trade
long in Nifty above 5500, else from 5480 levels with stop loss placed at 5450 targeting 5530‐5550 levels.

Today’s Levels (20-08-2010)

(Last Close : Sensex 18455 : Nifty Spot 5540)
Today’s Levels
Trade short if Sensex fails to sustain above 18430 (Nifty 5521)
[Downside targets/supports at 18322(5491)/18261(5471) or lower]
Trade long if Sensex sustains above 18322 (Nifty 5491)
[Upside targets/resistances at 18430(5521)/18475(5544) or higher]