Keep Hold Nahar Spinning Mills Ltd touch 100+....

NIFTY SUPPORT

Nifty may face resistance near 5155, 5190, 5210, 5225, 5250, 5275 and may take support near 5125, 5110, 5095, 5080, 5065. Today on higher side, if Nifty faces resistance to move above 5155-5190 levels, it may surrender its gains and fall to lower levels. On lower side, if Nifty takes support near 5110-5080 levels on any intra day decline, it may bounce back and move in upward direction.

INTRADAY STOCK



RELIANCE :
At higher levels, buy this stock above 1090 if it starts moving in upward direction from opening level for targets of 1100, 1110, 1120 by maintaining stop loss near 1080. If this stock starts falling from opening levels, you can also buy this stock on declines near 1060-1055 on evidence of support and bounce back for targets of 1070, 1080, 1090 by maintaining stop loss at 1045.

NIFTY SUPPORT
Nifty takes support near 5130-5105 on any intra day decline or gap down opening, it may bounce back and move in upward direction. Below 5105, next major support is at 5085-5080.On higher side, Nifty may face resitance near 5185 levels. Moving above this level, it may try to touch further higher levels.



INTRADAY STOCK

ICICI BANK :
Buy this stock above 875 for targets of 885, 890, 895. Keep stop loss at 860.

RELIANCE :
Buy this stock at lower levels or on declines near 1065-1055 on evidence of support and bounce back for targets of 1080, 1095, 1105.
Keep stop loss at 1045.

NIFTY SUPPORT
Nifty fails to take support at these levels, it may fall to further lower levels. At higher levels, If Nifty fails to move above 5080, again it will surrender its gains and fall to lower levels.



INTRADAY STOCK


RELIANCE :

You can also sell this stock at lower levels if it falls below 1045
down side targets of 1035, 1020, 1005 by maintaining stop loss at 1055.