Intraday outlook for August 5, 2010

• NIFTY
  

Nifty Go long only if cross 5484 for intraday today

Buy Nifty above 5484 with stop loss of 5474

Sell Nifty below 5466 stop loss 5475

• Bank Nifty
  

Spot Bank Nifty looking good for long only if cross 10500 for intraday today

Buy Bank Nifty above 10500 with stop loss of 10480

Short Bank Nifty only below 104480 with stop loss of 10500

 

• ABAN
  

Buy Aban above 904 with stop loss of 899

Short Aban only below 898 with stop loss of 904

• RELIANCE
  

Buy Reliance above 1023 with stop loss of 1019

Short Reliance only below 1019 with stop loss of 1023

 

• ONGC
  

Buy ONGC above 1267 with stop loss of 1256

Short ONGC only below 1256 with stop loss of 1267