The global trends will continue to dictate Indian markets. Possibility of gap down opening is high and the rest of the day could be highly volatile.
Technical view on Nifty Futures for 8/11/2011:
No trade between 5312 and 5288 (to avoid traps)Buy above 5312 with SL of 5294 for targets of 5331-5349-5404
Sell below 5288 with SL of 5301 for targets of 5264-5222-5190-5151
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