Nifty Technicals 5th September

By closing above 5272 Nifty turned its intra-day trend up with resistances placed at 5295, 5310 and supports placed at 5260, 5240, 5210. A sustained break below 5190 will turn Nifty short/medium term trend down. As long as Nifty remain between 5190-5385 it is range-bound market with buy on decline and sell on rallies strategy. Following and trading individual stocks with clear trend may be more profitable than trading nifty itself at this juncture.

Stocks to look for shorting Shri Renuka Sugar from 35, Chambal Fertilisers from 70...

Stocks to look for long Aban from 400, Bank of India from 350...