13 July - Nifty View

Nifty closed below 5250, closing out the Positional longs. Short term trend has turned down now, and will be considered up only if Nifty Spot gives a closing above 5330. However, consider the medium term trend as up until we get a monthly closing below 5200. Wait for a confirmation of closing below 5200, before initiating a short trade.

13 July - Nifty Spot resistance at 5255-5285-5305-5335. Support at 5220-5190-5160-5125 - www.niftypower.com

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