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

By Rajesh V

Rajesh V recommends Reliance Infra & Biocon
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
Buy above Rs 528
Stop loss at Rs 576.50
Target price of Rs 590

Buy at Rs 364
Stop loss at Rs 360
Target price of Rs 370

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 You can contact him at

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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: Monday, July 25, 2011, 8:58 [IST]
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