As said that if nifty spot holds 5402 can do 5472 and it did the same.now next resistance zone for nifty spot is around 5520–5552.Close above 5552 nifty spot can do 5620—5688—5720.
NIFTY SPOT LEVELS FOR 05-08-2010
Support at 5420–5392
Resistance at 5520—5552
SENSEX resistance at 18350–18436
STOCK TO WATCH:
Tata steel resistance at 552
Ril resistance at 1032 but if holds 1006 can do 1027–1032 intra
Hindalco above 167 can do 172
Dlf bullish only above 312
Idfc looks good only above 188
MRPL support at 75
WIPRO tsl now 418 from sl of 404 call given at 410
