NIFTY EOD REPORT AUGUST 11 2010

NIFTY FUTURE EOD - 55 POINTS(5405) NIFTY SPOT DOWN - 40(5420) DISCOUNT 15 POINTS

AFTER SOME LONG TIME... NIFTY TRADING IN DISCOUNT & INDICES CLOSED @ DAY'S LOW.
FII'S DATA NEGATIVE IN FUTURES SEGMENT...
NOW NIFTY AFTER LONG TIME RANGE BOUND WITH LOW VOLUME TRY FIND DIRECTION NOW TAKING SOME DOWN WARD MOMENTUM. RESULT SEASON & OTHER SUPPORTING FACTORS ALMOST OVER.
NOW OUR MARKET IS GLOBAL FOLLOWER.
ASIAN,US MARKET TREND & CHINA GDP +IIP DATA+ INFLATION DATA ARE KEY DRIVERS FOR OUR MARKET COMING DAYS ....

WITH REGARDS & LOVE
PEARL KUMAR AUGUST 11 9-PM


TECHNICAL DETAILS:
NEW HIGH IS ONLY POSSIBLE ABOVE "5487"
NIFTY ALREADY IN MILD DOWN TREND
DOWN TREND WILL GET STRONG BELOW 5413 & 5356
"5356" IS "U" TURN POINT IF ANY CASE NIFTY BREAKS THAT LEVEL
THEN LAST HUGE SUPPORT "5331" EXPECT BLOOD BATH BELOW THIS LEVEL ONLY