Calls for 05-Aug-2010

Dow up 40+ points, Asians are mostly up, SGX nifty +9, so we may open flat to positive and may test 5490 and 5409...

My System Calls:

1) Levels to watch are 5484.98 and 5435.43

2) Sell Below 5392.01 SL 5423.01
3) Buy Above 5454.01 SL 5423.01 TGT 5484.98, 5500.97, 5530.14

4) Supports/Resistances to Watch For :-

5381.49
5401.87
5431.04
5451.42
5480.59
5500.97
5530.14

Camarilla Calls:
1) Sell Below 5432.95 SL 5446.57 TGT 5403.42, 5391.53
2) Sell Below 5473.83 SL 5487.45 TGT 5464.74, 5455.66, 5446.57
3) Buy Above 5446.57 SL 5432.95 TGT 5455.66, 5464.74, 5473.83
4) Buy Above 5487.45 SL 5473.83 TGT 5502.52


BankNifty : Levels to watch are 10485.67 and 10390.33

Volume Shockers (Futures) :
CNXIT

Swing Trading (Futures):
1. TECHM Buy Above 734.93
2. RELINFRA Buy Above 1147.15
3. AXISBANK Sell Below 1341.66
4. DLF Buy Above 311.15
5. RELCAPITAL Buy Above 785.81

Trade with Trend : (http://shalabhtyagi.blogspot.com/)
NIFTY Hold Long taken at 5426.42 StopLoss 5411.9 ->Reverse Trade StopLoss 5453.87| Profit so far 33.78