NIFTY SUPPORT:-
Nifty takes support near 4450-4435 support zone,
it will bounce back and move in upward direction.
higher levels Nifty faces resistance to move above and stay above 4510-4520 resistance zone,
again it may surrender its gains and fall to lower levels.
INTRADAY STOCK OUTLOOK
RELIANCE :
Buy this stock at lower levels near 1980,
1975 on evidence of support and bounce back for targets of 2000, 2020.
Keep Stop Loss at 1965.
Moving above 2020, it may try to touch 2040, 2060.
RELIANCE CAPITAL :
At lower levels buy this stock near 820, 815 on evidence of support for
targets of 825, 835, 845. Keep stop loss at 810.
At higher levels sell this stock if it faces resistance
Stock move above and stay above 840, 845
Down side targets of 835, 825, 815.
Keep stop loss at 855.
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Posted by
Dharmik Patwa
Wednesday, August 12, 2009
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