Nifty Spot-Weekly Levels & Trading Strategy(Aug 05 to Aug 12,2011)

Nifty Spot-Weekly Levels

R3 5906
R2 5729
R1 5470
Avg  5293
S1 5034
S2 4857
S3 4598


Nifty Spot-Weekly Trading Strategy 

H6 5655     Trgt 2
H5 5552     Trgt 1
H4 5450     Long breakout
H3 5330     Go Short
H2 5290
H1 5250
L1 5171
L2 5131
L3 5091     Long
L4 4971     Short Breakout
L5 4869     Trgt 1
L6 4766     Trgt 2