Nifty Analysis for 10 Aug 2012

Daily and Weekly Trend is up above 5220(SAR)
Support are 5280-5250-5160-5088-5040-5000-4950-4800
Resistances are (5344)-(5377-5385)-5498-5630
Piercing Pattern at 5164 ,5280 ,Change of polarity at 5280

Inverted Hammer or bearish counter attack pattern 5375 (Still  holding)

38.2% of current rise from 5166 to 5376  is 5297

Symmetry move and 161.8 of previous market structure completed. 

Break way Gap at 5220 was immediate major support 

Profit Target on Long Side are 5350-5375-5500-5630

Happy Krishna Jayanti