Intraday outlook for August 2, 2010

• NIFTY
  

Nifty Go long only if cross 5420 for intraday today

Buy Nifty above 5420 with stop loss of 5410 target

Sell Nifty below 5400 stop loss 5420

• Bank Nifty
  

Spot Bank Nifty looking good for long only if cross 10330 for intraday today

Buy Bank Nifty above 10330 with stop loss of 10295

Short Bank Nifty only below 10290 with stop loss of 10330

 

• ABAN
  

Buy Aban above 882 with stop loss of 875

Short Aban only below 875 with stop loss of 882

• RELIANCE
  

Buy Reliance above 1020 with stop loss of 1016

Short Reliance only below 1016 with stop loss of 1020

 

• ONGC
  

Buy ONGC above 1260 with stop loss of 1247

Short ONGC only below 1247 with stop loss of 1260