Nifty Spot-Weekly Levels & Trading Strategy(Aug 16 to Aug 19,2011)

Nifty Spot-Weekly Levels

R3 5160
R2 5092
R1 5082
Avg 5014
S1 5004
S2 4936
S3 4926

Nifty Spot-Weekly Trading Strategy

H6 5151     Trgt 2
H5 5133     Trgt 1
H4 5114     Long breakout
H3 5093     Go Short
H2 5086
H1 5079
L1 5064
L2 5057
L3 5050     Long
L4 5029     Short Breakout
L5 5010     Trgt 1
L6 4992     Trgt 2