NIFTY SUPPORT:
Today to continue its upward movement
Nifty should move above and stay above the initial resistance zone of 4410-4445.
Above this, the next major resistance zone is 4490-4510.lower levels,
Nifty take support at 4365-4350 support zone on any intra day decline,
again it will bounce back and move in upward direction.
INTRADAY STOCK:-
INFOSYS :
At higher levels, sell this stock if it faces resistance to move above and stay above 1935, 1940, 1945 for down side targets of 1920, 1900, 1885. Keep stop loss at 1960. At lower levels, buy this stock on evidence of support and bounce back near 1890, 1885 for targets of 1900, 1920, 1940. Keep stop loss at 1860.
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TARGET ACHIEVED
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RELIANCE CAPITAL :
At higher levels, sell this stock if it faces resistance to move above and stay above 875, 880, 885 for down side targets of 865, 850. Keep stop loss at 895. At lower levels, buy this stock on evidence of support and bounce back near 855, 850 for targets of 865, 875, 885. Keep stop loss at 840.
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BOTH SIDE TARGET ACHIEVED
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Posted by
Dharmik Patwa
Thursday, July 23, 2009
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