We have started this blog with a downward market trend and waited for a reverse, but did't got any opportunity to enter the market. So do not traded for entire week and have no open position to carry forward.
Today however markets have shown some consolidation and may start next week with a positive note.
Meeting on Debt Ceiling Issue in U.S on 2nd Aug can give some direction to market.
On Upper side, 5557, 5630, 5660, 5700, 5740 are resistance levels.
A downward move can lead to a free fall upto 5440, 5344, 5240, 5193
Weekly Summary
| Date | Trade | Entry Price | Lot .1 | Lot .2 | Lot .3 | P/L |
| 29-Jul-11 | - | | | | | |