August 17th Nifty View

Today in the early trading, Nifty Future made a high of 5474 and met with resistance. Thereafter it continued to make lower tops/lower bottoms on the the 30 min chart (though marginally) and in the second half, fell sharply to make a low of 5393.

Now For tomorrow trading, I would continue to suggest that avoid going long as Nifty Future has encountered resistance at 5480 levels on 30 min chart for nearly 6 times.

Short position may be taken below 5400 levels, with stop loss of 5455. At lower levels, Nifty Future will find support at 5363 and 5325.

So trade accordingly.

All the best

SUZLON VIEW

SUZLON POSTED 900 CR LOSS In this Quarter ....It means almost 6/- pershare.... still Are you a buyer of SUZLON ???? God only save You .....

In My view Don't buy suzlon and don't average .......Just exit .

If Anyone holding Suzlon stocks ...... if Suzlon moves @ 60 level ... just exit

Now Short term bellow 52 ......My targets 45 - 40 .My ultimate target 32 per share....in next 1,2 months

SUZLON DOWN DOWN ....

SUZLON DOWN 10% ONE SIDE ..............57.6 TO 50.6 DOWN 7/- LOT SIZE 4000 .... 28,000 PROFIT......

U GUYS ENJOYED OR NOT ??