Technical View for Indian Stocks on 24th August 2012

for a p.t. of 5350- 75.
Initiate longs at 5350- 5360
with a stop at 5320 for a p.t. of 5425- 35

Short around 235
with a stop at 237

for a p.t. of 229- 230

for

an initial target of 2450

followed by 2320- 2350

& could attempt to

breach those levels again today.

Short at 10540- 570

with a stop at 10610

for a p.t. of 10370 – 10420

Short at the break of 109, with a

stop at 112 for a p.t. of 100- 102.

Short also at 115.5- 116

with a stop at 118

for a p.t. of 111- 111.5