NIFTY ANALYSIS
Nifty may face resistance near 5070, 5085, 5095, 5110, 5120, 5130, 5145
and may take support near 5035, 5020, 5010, 4995, 4980. Today on higher side, If Nifty opens at higher levels and starts moving above it may face resistance near 5070-5095 levels.
INTRADAY STOCK
RELIANCE:
If this stock opens at higher levels, buy this stock above 1060 for targets of 1070, 1080, 1090 by maintaining stop loss at 1055. If this stock opens at lower levels, buy this stock near 1040 on evidence of support of bounce back for targets of 1050, 1060, 1070 by maintaining stop loss at 1035.
TATA STEEL :
Buy this stock near 555, 553 on evidence of support and bounce back for targets of 560, 565, 570 by maintaining stop loss at 550.
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Posted by
Dharmik Patwa
Thursday, December 17, 2009
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