Buy Unitech above 80 for a target of 85, 13 May 2010

The level 80 is crucial in the short term. If it trades above 80, in the upperside it could test 85 in another 5 to 10 trading sessions. Instead, if it fails to sustain above 80 in another 2 trading sessions, then it is likely to decline towards 73.

Nifty - Technical Outlook and Intraday Trading Levels, 13 May

Today, 5180 is the crucial intraday level for Nifty.

If Nifty sustains below 5180, then it could test 5120.
Instead, if Nifty trades above 5180, then it could test 5230 and above that level it could test 5270.

Short term Technical View of Nifty

For the short term, the level 4950 is crucial. If it sustains below this level, then it is likely to test 4600. Instead, if it trades above 4950, then it is likely to test 5200.