Aban Offshore and IB Real Estate to provide good intraday opportunities: Rajesh V

By: Rajesh V
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Look out for Aban & IB Real Estate: Rajesh V
Nifty Future

For today, the level of 5648 is important. If it manages to maintain above this then it has the potential to go till 5670 / 5700. And Nifty will have support levels 5610 / 5590 / 5560 levels. If the index closes above 5600 then it is a good sign for bulls, but it must hold above 5600 levels.

Bank Nifty Future

Bank Nifty has closed its three days high. For today trading above the level of 11372 is important. Above this level Bank Nifty"s upper levels will be 11400 / 11442 / 11510. Below 11330 the index will find support at 11300 / 11260

A close above 11250 indicates bullish strength in market, positional traders can go fresh long here with stop loss of 11250.

Intra day calls

Aban Offshore
Buy at Rs 520
Stop loss at Rs 515
Target price of Rs 526/530

Indiabulls Real Estate
Buy above Rs 123
Stop loss at Rs 121.50
Target price of Rs 124.50 / 126

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

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OneIndia Money DISCLAIMER: The views expressed in this article are the views of the author and do not reflect the views of our company. OneIndia Money does not take any responsibility for any losses incurred by investors who take their cues from the above article.

Story first published: Wednesday, July 20, 2011, 9:35 [IST]
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