NIFTY SUPPORT:
Nifty fails to move above and stay above 4495-4510 resistance zone,
it will surrender its gains and may fall to lower levels.
At lower levels,If Nifty takes support from 4410-4390 support zone,
again it will bounce back and move in upward direction.
INTRADAY STOCK
RELIANCE CAPITAL :
Sell this stock at higher levels if it faces resistance to move above and stay above 800, 805, 810 ,815,down side targets of 790, 780, 770. Keep stop loss at 815.
RELIANCE :
Buy this stock above 1915 for targets of 1930, 1940, 1960. Keep stop loss at 1900. In case if this stock fails to move above 1915 you can also sell this stock near this level on evidence of resistance for down side targets of 1890, 1870.
Keep stop loss at 1920 for short position.
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Posted by
Dharmik Patwa
Friday, August 21, 2009
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