The futures of the 50 stock index i.e. Nifty has strong support at the levels of 5500; if it manages above 5560 it may rise to 5600.
Supports – 5523 / 5502 / 5468
Resistances –5570 / 5590 / 5623
Bank Nifty Future
Only above 11100 levels we should expect bulls strength in market. Bank Nifty will find immediate support at 10940 has immediate support.
Supports – 10950 / 10870
Resistances – 11100 / 11145 / 11222
Intra day calls
Buy above Rs 131
Stop loss at Rs 129.50
Target price of Rs 133.50/134.40
Indiabulls Real Estate
Buy at Rs 105.60
Stop loss at Rs 104.30
Target price of Rs 107.50
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 firstname.lastname@example.org
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