NIFTY INTRADAY SEPT 12

The dollar index is up @ 77.49 which means more pain for the Indian Indexes - The markets should open gap down below 5000 and Nifty could try to sustain its support of 4988. We should see some sort of recovery during the later hours. 

Buy Nifty above 5076 for targets of 5091 , 5109, 5127, 5145 SL - 5058

Sell Nifty below  5058 for targets of  5043, 5025, 5008,4990 SL 50130


Larsen Toubro - Sell below 1691 for targets of 1681, 1671, 1661, 1651 SL 1702
                                           expected achievable low for the day 1664

Reliance - Sell Below 819  for targets of 812, 805,798,791

                           expected achievable low for the day 807

STAY DISCIPLINED


** expected achievable low for the day is the number a stock could hit today not that it couldnt go lower than that. They are safe exit points for booking profits.