Intraday outlook for August 11, 2010

• NIFTY
  

Nifty Go long only if cross 5470 for intraday today

Buy Nifty above 5470 with stop loss of 5464

Sell Nifty below 5455 stop loss 5464

• Bank Nifty
  

Spot Bank Nifty looking good for long only if cross 10530 for intraday today

Buy Bank Nifty above 10530 with stop loss of 10510

Short Bank Nifty only below 10510 with stop loss of 10530

 

• ABAN
  

Buy Aban above 881 with stop loss of 874

Short Aban only below 874 with stop loss of 881

• RELIANCE
  

Buy Reliance above 992 with stop loss of 986

Short Reliance only below 986 with stop loss of 992

 

• ONGC
  

Buy ONGC above 1240 with stop loss of 1230

Short ONGC only below 1230 with stop loss of 1240