Nifty has intraday support at 5400 levels. Trading above 5440 it will test the level of 5472 / 5492. But only if it closes above 5455, will it is advised to go long.
Bank Nifty Future (Refer chart - Bank Nifty)
Bank Nifty closed positively; if it closes above 10,790 levels is advised to take positional long.
Supports are – 10,670 / 10,640 / 10,600
Resistances – 10,800 / 10,840 / 10,924
Intra day calls
Aban Offshore
Buy above Rs 476.50
Stop loss at Rs 470
Target price of Rs 484
BHEL
Buy at Rs 1,810
Stop loss at Rs 1,792
Target price of Rs 1,830/1,845
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@gmail.com
If you would also like to contribute or send us a feedback, then e-mail to money@oneindia.co.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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