Trade Plan - August 11, 2011

The Nifty trades range bound after huge gap up opening on better global cues and trading between support of 5110 and 5185 levels for most of the day. VWAP @ close is 5160. Nifty closes at 5161.

1) Above 5185 will be reversal level for target of 5240-5265.
2) Below 5110, the levels of support are 4975-4930. Happy trading!!!