Intraday outlook for August 4, 2010

• NIFTY
  

Nifty Go long only if cross 5455 for intraday today

Buy Nifty above 5455 with stop loss of 5440

Sell Nifty below 5435 stop loss 5455

• 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 104510 with stop loss of 10530

 

• ABAN
  

Buy Aban above 904 with stop loss of 898

Short Aban only below 897 with stop loss of 904

• RELIANCE
  

Buy Reliance above 1030 with stop loss of 1025

Short Reliance only below 1025 with stop loss of 1030

 

• ONGC
  

Buy ONGC above 1278 with stop loss of 1270

Short ONGC only below 1270 with stop loss of 1280