NIFTY DAILY OUTLOOK (13-08-10)
We see nifty getting resistance at 5440-5460.On the downside we see first support at 5360-70 range however we prefer the lower target of 5185 as per our wave count requirement. It should be noted that we are not expecting this to happen today & may stretch to Monday or Tuesday.

(1)SELL M&M at 630 with the stop of 638 for 605 then 590.

(2)BUY SUNTV at 495 with the stop of the 485 for the target of the 535.


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