Today’s Levels (08-10-2010)

(Last Close : Sensex 20315 : Nifty Spot 6120)
Today’s Levels
Trade short if Sensex fails to sustain above 20383 (Nifty 6130)
[Downside targets/supports at 20273(6108)/20197(6074) or lower]
Trade long if Sensex sustains above 20197 (Nifty 6074)
[Upside targets/resistances at 20273(6108)/20383(6130) or higher]

FOR THE DAY (08-10-2010)

FOR THE DAY: The indices are expected to open on a flat-to-positive note in response to the flattish global indices. Trade long if Nifty holds above 6150 with stop loss placed at 6130 for the targets of 6180 and 6200 levels. Alternatively, trade short in Nifty below 6130 levels with stop loss at 6150 levels targeting the lower supports.