NIFTY VIEW 12th August 2010

Nifty supports 5365 (major)- 5300 - 5240(major) - 5180 - 5090.....Resis 5425 - 5455- 5485 ..So plz trade acording to levls....tomarrow In case of gap down opening, it is best not to do anything. In case market gives an opportunity, one can go short with stop loss of 5425. On the down side, break of 5390 will take it to 5365 and 5300. it may get support at this level but advisable not to try bottom fishing so early. In case of sharp bounce, it can come up to 5365, where one can go short.