Nifty trading tip for tommorow ,29-07-2011

As there no big domestic trigger for Indian markets is balance now.

Markets are going to follo the global cues.

Today it was expected that expiry of july futures will be there near 5550 and short covering will make it easy to expire near those levels.

But it was no seen.

So now  we are looking for a down trend in coming days as crisis in USA and Europian countries are going to deepen.

SUPPORT 5480-5450 

RESISTANCE 5515- 5550

If nifty opens  below first support level and  one should take a buy call  near 5470 with strict  stoploss at 5450 ,Trget will be 5500 and than 5535

if it opens above 5515 than one should short nifty near 5520-30 levels with a stoploss at 5550

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