Intraday Trading Calls - 5 August 2014

Date 05/8/14, Time 11.00 - Sell Nity Fut @ 7720 Stop 7750. Target 7600.
                       

                     

Nifty Technical Outlook, Positional & Intraday Trading Levels, 5 August 2014

Today, 7720 is the crucial intraday level for Nifty.

If Nifty sustains below 7720, then it could test 7640 and below that level it could test 7560.
Instead, if Nifty trades above 7720, then it could test 7760.