Nifty Analysis for 2nd Aug 2012

Daily and Weekly Trend is up above 5171(SAR)

Support are 5160-5088-5040-5000-4950-4800

Resistances are 5250-5270-5300-(5344)-(5377-5385)-5498-5630

After Gap 5200 got filled , spread of 100 points to be LONG

Piercing Pattern at 5164  

Profit Target on Long Side are 5250-5300-5350

Nifty Analysis for 1st Aug 2012

Daily and Weekly Trend is up above 5175(SAR)

Support are 5160-5088-5040-5000-4950-4800

Resistances are 5250-5270-5300-(5344)-(5377-5385)-5498-5630

After Gap 5200 got filled , spread of 100 points to be LONG

Piercing Pattern at 5164  

Profit Target on Long Side are 5250-5300-5350

Nifty Analysis for 31 July 2012

Daily and Weekly Trend is up above 5170(SAR)

Support are 5160-5088-5040-5000-4950-4800

Resistances are 5250-5270-5300-(5344)-(5377-5385)-5498-5630

At current level , LONG trade do not provide favorable RISK :REWARD 

Nifty Analysis for 30 July 2012

Daily and Weekly Trend is down below 5200(SAR)
Support are 5088-5040-5000-4950-4800
Resistances are 5160-5270-5300-(5344)-(5377-5385)-5498-5630
At current level , LONG trade do not provide favorable RISK :REWARD 
Bearish Engulfing pattern at 5150 (Hourly Chart)