NIFTY OUTLOOK

>> Thursday, July 8, 2010

Nifty witnessed the yet another correction from the higher levels,
nifty facing strong resistance at 5310 and if trades below 5222
we may see some more correction in nifty in coming days,
and on the upside any sustained move above 5320 may take it to
5350- 5380 levels.

THE 280POINTS UPMOVE IN DOW NOT DO ANY FIREWORKS
IN OUR MARKET.

TWO CLOSINGS BELOW 5155 WILL CONFIRM THAT WE AR
UNDER CLEAR DOWN TREND. AND A CLOSING ABOVE 5333
WILL GIVE POSITIVE SIGNAL FOR BULLS

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