Nifty Future: Nifty Future will be range bound between 4850 & 4950 levels. If it manages to close above 4950, then only there will be strong indication for bulls.
Supports: 4874/4847/4804
Resistances: 4910/4936/4980
Bank Nifty Future: The 9400 levels remains strong resistance for Bank Nifty, it has to close above this level. On the down-side Bank Nifty has support at 8900 levels.
Supports: 9300 / 9230 / 9135 / 9070
Resistances – 9370/ 9440 / 9540
Intra-day calls
BHEL
Buy at Rs 1,755
Stop loss at Rs 1,743
Target Rs 1,782 – 1,800
Reliance Capital
Sell below Rs 391
Stop loss at Rs 395
Target Rs 387/383
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.
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