Nifty Levels and Intraday Tips for 16 August

NIFTY LOWER SUPPORT 5450,5440,5430,5420,5410,5400,5390,5380,5365,535 
NIFTY UPPER RESISTANCE 5467,5486,5490,5500,5510,5525,5550


Bank Nifty Future Levels : BANK NIFTY FUTURE LEVELS: SUPP 1 10500 SUPP 2 10410 RES 1 10785 RES 2 10825 

Nifty Tips for Intraday : Nifty could be sold near 5495 with stop loss above 5510 and target of 5450 - 5420. Nifty could be bought near 5410 with target of 5450 - 5480 & stop loss below 5400

Intraday calls:-

Buy IFCI around 60.52-61.50 SL 59.52 TGT 62.50-63.51+

Short RCOM around 168-168 SL 172 TGT 166-164+

Buy ONMOBILE SL 307 TGT 320-324+

Buy PATNI around 514-518 SL 498 TGT 525-534+ (use trailing SL)

Buy GMRINFRA around 61.51 SL 60.50 TGT 62.50+

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