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Buy HUL Futures and Sell DLF: Rajesh V

By Rajesh V

Buy HUL Futures and Sell DLF: Rajesh V
Nifty Future (Refer Chart - Nifty)
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

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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: Thursday, July 21, 2011, 9:15 [IST]
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