Jul 25, 2012

Nifty Analysis for 26 July 2012

Daily and Weekly Trend is down below 214(SAR)
Support are 5088-5040-5000-4950-4800
Resistances are 5160-5270-5300-(5344)-(5377-5385)-5498-5630
Hammer formation (low 5077) - 5077 important level to watch
Symmetry move completed......chance of reversal if 5077 is protected. 
At current level , LONG trade do not provide favorable RISK :REWARD 









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