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Ambuja Cements and Indiabulls Real Estate will provide intraday opportunities: Rajesh V

By Rajesh V

Intraday opportunities: Ambuja Cements and IB Real Estate
Nifty Future
The futures of the 50 stock index i.e. Nifty has strong support at the levels of 5500; if it manages above 5560 it may rise to 5600.

Supports – 5523 / 5502 / 5468
Resistances –5570 / 5590 / 5623


Bank Nifty Future

Only above 11100 levels we should expect bulls strength in market. Bank Nifty will find immediate support at 10940 has immediate support.

Supports – 10950 / 10870
Resistances – 11100 / 11145 / 11222

Intra day calls

Ambuja Cements
Buy above Rs 131
Stop loss at Rs 129.50
Target price of Rs 133.50/134.40

Indiabulls Real Estate
Buy at Rs 105.60
Stop loss at Rs 104.30
Target price of Rs 107.50

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: Thursday, July 28, 2011, 9:24 [IST]
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