NIFTY DAILY OUTLOOK (03-08-10)

 

                 We are looking for the test of the 5477.50 with the most of the momentum lost & consuming lot of time. In our opinion it may not be necessary for it to cross 5477.50 & may just go nearby. The likely trajectory is shown in the chart below.





(1)SELL DLF LTD at 310 stop 315 target 285.




V(2)SELL MARUTI at 1220 with the stop of the 1230 for the target of 1190

 

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