Nifty Analysis for 07 Aug 2012

Daily and Weekly Trend is up above 5237 (SAR)
Support are 5280-5250-5160-5088-5040-5000-4950-4800
Resistances are 5300-(5344)-(5377-5385)-5498-5630
Piercing Pattern at 5164  
Break way Gap at 5237  was immediate support 
Profit Target on Long Side are 5250-5300-5350

Nifty Analysis for 06 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
Piercing Pattern at 5164  
Profit Target on Long Side are 5250-5300-5350