For 12-08-2010

With the world markets down, Nifty is poised to open lower and move below 5380 will take it towards 5350 level which is an important support from where Nifty can bounce back and any close below that point is further negative as it will be a one month low close.

NIFTY SPOT 5420.6
SENSEX SPOT 18070.19
BANKNIFTY SPOT 10428.65

NIFTY

Buy Above/SL xxxx/xxxxxTarget xxxx/xxxxx
SAR/Sell Below xxxx/xxxxx Target xxxx-xxxx/xxxxx--xxxxx

Sell Below/SL 5386/17948 Target 5358/17849
SAR/Buy Above 5404/18010 Target xxxx ---xxxx/xxxxx-xxxxxx

BANK NIFTY

Buy Above/SL xxxxx Target xxxxx
SAR/Sell Below xxxxx Target xxxxxx---xxxxx

Sell Below/SL 10344 Target 10274
SAR/Buy Above 10387 Target xxxxx---xxxxx