NIFTY SUPPORT:
Nifty faces resistance to move above 4440-4475 resistance zone,
it may surrender its gains and fall to lower levels. At lower levels,
Nifty takes support near 4335-4300 support zone on any intra day decline,
again it will bounce back and try to move in upward direction.
Stock Tips:
RELIANCE :
Sell this stock at higher levels if it faces resistance to move above and
stay above 1965, 1970, 1975 for down side targets of 1940, 1920.
Keep stop loss at 1990.
Moving below 1920 this stock may even touch 1900, 1885 on lower side.
TATA STEEL :
Sell this stock at higher levels if it faces resistance to move above and
stay above 442, 445 for down side targets of 435, 430. Keep stop loss at 454. Moving below 430 this stock may even touch 425, 420, 415 on lower side.
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Posted by
Dharmik Patwa
Tuesday, August 18, 2009
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