Nifty and Sensex Technical Levels for 26th July '10
Nifty Support and Resistance and Trading Levels (26th July '10)
Nifty, today hold the higher levels & in the end closed on flat notes. Still technically its is looking well set to touch the mark of 5500, 5550 in near run. In the downside nifty has the vital support zone close to the levels of 5290 to 5300, until it make decisive closing below this support zone one should focus on long side in nifty future. Technical indicator like RSI is also showing some more strength in it. So we recommend that traders should go for buy on dips in Nifty Future for the targets of 5500, 5550.
Technical View on Sensex (26th July '10)
Sensex made a closing above the higher levels of 18050 to 18100, now the next resistance for it seems to be in the range of 18300 to 18350. In the downside the immediate support for it seems to be at the levels of 17850. Closing below this support zone may slip it till the lower levels of 17350 to 17400 in near run.
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