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NIFTY INTRADAY LELVELS ON 16-06-2010

Nifty supports 5185, 5165,5120
Nifty Resistances 5230,5250, 5270.

Trading strategy for Intraday : Buy Nifty above 5230 with stoploss 5205 target 5250,5270.
book 50% @ 1st target modify SL to buying price and wait for 2nd target.

Sell Nifty below 5205 with Stoploss 5230 for targets 5185, 5165.
book 50% @ 1st target and modify SL to buying price and wait for 2nd target.

I already mentioned in previous post that above 5200 with volumes Nifty will touch 5230, 5255. 1st target all most touched.
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