NIFTY Views - for 30th July 2012:

Nifty clsoed @ 200 DMA support & Round number 5102 and Bullish Hammer Pattern in Hourly Chart.

Friday Gap up was a Bear Trap !! so market seems short term Bullish.

In Monthly Time Frame:  Down Trend

In Weekly Time Frame:  Down trend

Bollinger :- Consolidation

RSI         :- Down trend

In Daily Time Frame: Down Trend

Bollinger:- Side to Down trend

RSI        :- Down trend

Support @ 5020 ; Resistance @ 5135

Hourly Chart : UP trend

Remaining Gaps:

1) 5345 - 5236

2) 5306 - 5267

3) 5205 - 5167

4) 5043 - 5077

BUY:  Buy above 5170, TGT 5225, SL 5130

SELL: Sell on Rise in 5125- 5140 Zone as per Daily Time Frame (Weekly Trend Bearish) !!