For : Aug 4, 2011

Nifty is now in new trading range lower than previous one.
Short Term support seen @ 5363 after that 5303.
If Nifty hold 5363 for couple of days, it can bounce back to 4470 levels.
Continue in Up Trend : ONGC, ITC, BPCL, Suzlon, IndHotel, CESC, GreavCot.
New Up Trend : NHPC.

For : Aug 1, 2011

Nifty is currently @ the lower band of the trading range. Below which can be a mid-term bearish market.
Nifty Levels :

R3	5552
R2	5525
R1	5514
S1	5475
S2	5451
S3	5420

Waiting 4 push : Everest, RajeshExpo.
@ Support :PhoenixLtd, TubeInvest, VakranSoft.
Ready 4 new Trend : KPIT, Kwality, IngerRand.