NIFTY SUPPORT
Nifty takes support near 4625-4600 support gap down opening or on intra day decline, again it will bounce back and move in upward direction.
Nifty faces resistance to move above and stay above 4700-4715 resistance zone, again it will surrender its gains and move in down ward direction.
INTRADAY STOCK
RELIANCE :
Buy this stock at lower levels or on declines near 2020, 2010
Evidence of support and bounce back for targets of 2045, 2055, 2065.
Keep stop loss at 1995.
RELIANCE CAPITAL :
Buy this stock at lower levels or on declines near 825, 820
evidence of support and bounce back for targets of 840, 850, 860.
Keep stop loss at 808.
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Posted by
Dharmik Patwa
Thursday, August 27, 2009
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