Saturday, 3 August 2013

NIFTY DOWN: -49.95 POINTS

CHANGE:  -0.87%

CLOSES AT:  5677.90

NIFTY CLOSED DOWN 49 POINTS AT BELOW 200 EMA. NIFTY IS DOWN 400 POINTS IN 8 DAYS 

BELOW 5700 .THERE IS MAJOR SUPPORT LEVEL OF 5650 WHISCH IS LOOKING DIFFICULT TO 

BREAK WHICH SIGNALS TO SMALL UP MOVEMENT ON MONDAY.

STRATEGY FOR NIFTY IS TO BUY ABOVE 5650 WITH STOPLOSS OF 5600 AND BOOK PROFIT 

AROUND 5720. 

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