Rajesh V recommends Reliance Infra & Biocon for intra-day trading

Commentary

oi-Shoaib MD

By Rajesh V

Published: Monday, July 25, 2011, 10:36 [IST]

Nifty Future (Refer Chart - Nifty)
For Nifty, 5650 level will be very important for today. If it trades above this level then bulls will get more strength in market.

Supports – 5630 / 5600
Resistances – 5672 / 5705 / 5725

Bank Nifty Future (Refer Chart - Bank Nifty)
Bank Nifty will find support at the level of 11250. Trading above this level will be positive for bulls. The immediate resistance for Bank Nifty will be 11360.

Supports – 112100 / 11140
Resistances – 11375 / 11420

Intra day calls

Reliance Infrastructure

Biocon

Rajesh V. Ravanappan is a practitioner of technical analysis. He has eight years of experience in the share broking industry. He is a contributing writer for www.www.goodreturns.in. You can contact him at [email protected]

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