NIFTY DAILY OUTLOOK (24-08-10)
We see nifty getting support initially at 5510 & finally at 5480.Break below 5480 decisively we will term the nifty as bearish. Similarly we see nifty facing initially resistance at 5570 & finally at 5600.Adecisive break above the 5600 will be bullish.

(1)SELL JINDALSTEL SEPT FUT at 701 with the stop of 714 for 680 then 660.

(2)SELL DLF SEPT FUT at 326 with the stop of the 332 for the target of 316 & then 308.


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