For the Day (30-08-2010)


For the Day: Domestic markets are likely to open on a positive note, taking cues from the positive US and strong Asian indices. Traders are advised to trade long in Nifty above 5450 levels, else from 5430 with a stop loss at 5400 levels, targeting higher levels of 5480 and 5500. Alternatively, trade short if Nifty fails to breach past 5500 levels with stop loss placed at 5510 targeting lower supports.

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