NIFTY SPOT VIEW-7TH AUGUST 2012
:NEXT BASIC and SMART TRADER COURSE WILL BE HELD ON CHENNAI ON 12TH AUGUST :
VENUE:Achiver Institute
38 Besant Avenue,Adyar,Chennai-600020
Bus stop:Malar Hospital Adyar Signal.Near Padmanabha Nagar Post office.
Time-10:00am to 5:00 pm
According to weekly trend all S D Wave trader got super long entry on last week and now they are sitting with 230 points profit in nifty also option trader.
All Smart trader students are known, what telling the 6th August gap in nifty.
Nifty showing strength above 5245 level which I have been told in my prior market updating.
There is minor price cluster around this level of 5320 to 5350.If nifty able to trade above 5350 level then we expect a rally up to 5610 level.
Next resistance are-5320-5350-5435 and support stand for-5255-5160-5060.
1st pressure date for the month of August is 20th August 2012 (accuracy +/- one day)
STOCK ALERT:
Think about Axis bank for long entry.It will gave the opportunity.
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