Intraday outlook for July 21, 2010

• NIFTY
  

Nifty Go long only if cross 5400 for intraday today

Buy Nifty above 5400 with stop loss of 5394

Sell Nifty below 5393 stop loss 5400 target around 5380 & below 5380 if stays for 10 min than target around 5360 5350

 

• Bank Nifty
  

Spot Bank Nifty looking good for long only if cross 10040 for intraday today

Buy Bank Nifty above 10040 with stop loss of 10020

Short Bank Nifty only below 10020 with stop loss of 10040

 

• ABAN
  

Buy Aban above 843 with stop loss of 840

Short Aban only below 840with stop loss of 843

• RELIANCE
  

Buy Reliance above 1061 with stop loss of 1057

Short Reliance only below 1067 with stop loss of 1061

 

• ONGC
  

Buy ONGC above 1262 with stop loss of 1257

Short Reliance only below 1257 with stop loss of 1262