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Rediff Money Live Stock Market - India

Free Nifty & Google Stock Levels – 4th August 2010

Written By Sheffin on Tuesday, August 3, 2010 | 10:47 AM

http://googlestockmarket.blogspot.com/

RPOWER SELL NEAR 160-161 SL163 T157-151.
* If target is hit @ open, safe traders can avoid trading that counter, or trade with low quantity, say 25% of normal capital. Irrespective of target one can book partial profits @ 1%-1.5% gains and keep SL to cost. If any trade triggers after 1PM, trade cautiously with less quantity in it strictly.

DELIVERY JACKPOT: YESBANK BUY NEAR 305-298 SL290 T320-340.

Nifty future written immediate support now comes at 5419-5410. Just check morning low exact at 5411 and then again in the middle of the day took support exactly again at 5419 zone and zoomed up towards 5435.

Nifty future’s projected high and low for next session is 5441 and 5405 (use this projection with other indicators). Immediate resistance now comes at 5454-5459 and crossover above 5460 can initiate major short covering rally towards 52 weeks high of 5476 again. Immediate support now comes at 5419-5410 and break with volume may again crash towards 5376-5369 or even towards hourly channel support near 5355. Hourly momentum indicators looking positive, and if tomorrow opens firm we can see sharp rally upwards.

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