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Profit from intraday opportunity in Bharti Airtel and Satyam Computers: Rajesh V


Intraday opportunity in Bharti Airtel and Satyam
Nifty Future (Refer Chart - Nifty)

Yesterday, Nifty Future was trending in the narrow range of 150 points. Nifty Future has immediate support at 5525 levels. Bullish sentiment will only be there above 5590 levels.


Supports – 5540 / 5506
Resistances – 5590 / 5611 / 5645

Bank Nifty (Refer Chart - Bank Nifty)

Bank Nifty will have immediate support at 11010 levels; but only if it trades above 11160 levels will the index give strength to bulls.

Supports – 11070 / 11020 / 10940
Resistances – 11160 / 11205 / 11285

Intra day calls

Bharti Airtel
Buy above Rs 422
Stop loss at Rs 429
Target price of Rs 412

Satyam Computers
Buy at Rs 86.20
Stop loss at Rs 85.30
Target price of Rs 87/87.70/88.75

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: Wednesday, July 27, 2011, 9:13 [IST]
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