Nifty is in the range of 5350-5450 from last 18-20 trading sessions.It seems that Nifty is ready to make a move now.Nifty has a solid resistance at 5472(Spot) above this expect 5525–5550 in nifty spot. close above 5552 can take NIFTY SPOT to 5700+.
Nifty Spot levels for 04–08–2010:
CMP:5439.55
Resistance:5472–5482
Supports: 5402—5392
SENSEX 3 close above 18400 will take it to 19800—20800.
Stocks to Watch:
Ril can do 1045–1060 abv 1036
SBIN ABV 2622 CAN DO 2672
Tisco resistance 561
HINDALCO if HOLDS 162 Can Do 170—172
DLF Supports at 299–292
