Rajesh V says: Buy Educomp Solutions and Lupin

By: Rajesh V
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Rajesh V says: Buy Educomp Solutions and Lupin
Educomp Solutions: Quotes, News
BSE 7.52BSE Quote0.17 (2.26%)
NSE 7.65NSE Quote0 (0.00%)
Lupin: Quotes, News
BSE 1032.45BSE Quote30.25 (2.93%)
NSE 1030.40NSE Quote28.15 (2.73%)
Nifty Future (Refer Chart: Nifty)

The important break-out levels for Nifty on intraday will be 4890 and 4925, breaking on either side will give lead to a small rally or a fall.

Supports – 4878 / 4851 / 4807
Resistances – 4938 / 4965 / 5008

Bank Nifty Future (Refer Chart: Bank Nifty)

Trading above 9500 will be supportive sign for bullishness in the index. Despite that we can state that Bank Nifty is in bear"s hand.

Supports – 9365 / 9300 / 9200
Resistances – 9490 / 9555 / 9660

Intra-day calls:

Educomp Solution
Buy above Rs 228
Stop Loss Rs 225
Target Rs 233.50

buy above Rs 442
Stop less Rs 436
Target Rs 451/456

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.goodreturns.in. You can contact him at rajeshvravanappan (at) gmail (dot) com

If you would also like to contribute or send us a feedback, then e-mail to money (at) oneindia (dot) co (dot) in

GoodReturns.in DISCLAIMER: The views expressed in this article are the views of the author and do not reflect the views of our company. GoodReturns.in does not take any responsibility for any losses incurred by investors who take their cues from the above article.

Story first published: Tuesday, August 23, 2011, 9:40 [IST]
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