Intraday outlook for July 22, 2010

• NIFTY
  

Nifty Go long only if cross 5470 for intraday today

Buy Nifty above 5470 with stop loss of 5463

Sell Nifty below 5463 stop loss 5470 target around 5450 & 5440

BUY NIFTY SPOT AROUND 5445 STOP LOSS 5439

• Bank Nifty
  

Spot Bank Nifty looking good for long only if cross 10111 for intraday today

Buy Bank Nifty above 10111 with stop loss of 10088

Short Bank Nifty only below 10080 with stop loss of 10111

 

• ABAN
  

Buy Aban above 852 with stop loss of 848

Short Aban only below 848 with stop loss of 852

• RELIANCE
  

Buy Reliance above 1065 with stop loss of 1059

Short Reliance only below 1058 with stop loss of 1065

 

• ONGC
  

Buy ONGC above 1273 with stop loss of 1280

Short Reliance only below 1272 with stop loss of 1280