Nifty has strong support at 5540 levels; but trading above 5580 levels should be considered healthy mark for bulls.
Today's Supports will be available at: 5540 / 5524 / 5490
Resistances will be available at: 5575 / 5605 / 5640
Bank Nifty Future (Refer Chart - Bank Nifty)
Bank Nifty closed near day"s low; so immediate support will be at the 11125 levels. Only above 11200 levels the bulls could have hope in market.
Today Supports will be available at– 11112 / 11085 / 11041
Resistances will be available at – 11200 / 11230 / 11270
If today"s low does not break the level of 11112, then only risky traders should take a buy near 11112 levels with a stop loss of 11085.
Intra day calls
Hindustan Unilever Future (for spot price click here)
Buy above Rs 334
Stop loss at Rs 330
Target price of Rs 337/340
Sell below Rs 242
Stop loss at Rs 245
Target price of Rs 238
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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