Intraday Trading Level for May 4, 2010

• Nifty
  

Looking good only if stay above 5245

Short Nifty below 5240 with stop loss of 5245 or 5250

Buy Nifty only above 5250 with stop loss of 5240

• Bank Nifty
  

Bank Nifty looking good as long as it hold 9830 mark

Buy Bank Nifty above 9840 with stop loss of 9810 or 9800

Short Bank Nifty Below 9810 with stop loss of 9840

• Bhushan Steel
  

Short Below 1745 with stop loss of 1752

Buy Above 1762 with stop loss of 1745

• Aban
  

Short Below 1172 with stop loss of 1175

Buy Above 1175 with stop loss of 1170