Intraday outlook for August 12, 2010

• NIFTY
  

Nifty Go long only if cross 5386 for intraday today

Buy Nifty above 5486 with stop loss of 5375 target around 5410

Sell Nifty below 5375 stop loss 5386

• Bank Nifty
  

Spot Bank Nifty looking good for long only if cross 10350 for intraday today

Buy Bank Nifty above 10350 with stop loss of 10330

Short Bank Nifty only below 10330 with stop loss of 10350

 

• ABAN
  

Buy Aban above 843 with stop loss of 839

Short Aban only below 839 with stop loss of 843

• RELIANCE
  

Buy Reliance above 975 with stop loss of 970

Short Reliance only below 970 with stop loss of 975

 

• ONGC
  

Buy ONGC above 1240 with stop loss of 1230

Short ONGC only below 1230 with stop loss of 1240