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Buy BPCL on dips: Ravi Nathani

SI Reporter/ 10 Jul 12 | 08:32 AM

NIFTY 5275.15

On charts trend is up; whereas strong support on charts is expected at 5194. Best trading strategy would be buy on dips.
Intraday trading Levels Buy Above:  5285 Resistance 5292 | 5302 | 5318 Sell Below: 5265 Support 5259 | 5249 | 5232

BPCL CMP 762.90


Near term trend is up on charts; whereas best trading strategy would be buy on dips. Intraday trading Levels Buy Above:  765 Resistance 767 | 769 | 773 Sell Below: 761 Support 759 | 757 | 753

GAIL CMP 351.25

Strong support is expected at 341; near term trend is up on charts best trading strategy would be buy on dips. Intraday trading Levels Buy Above:  354 Resistance 356 | 359 | 364 Sell Below: 348 Support 346 | 343 | 338

ACC CMP 1280.40

Stock is expected to trade range bound (1321 – 1264) trade above / below would add trigger in the direction. Intraday trading Levels Buy Above:  1287 Resistance 1291 | 1298 | 1309 Sell Below: 1274 Support 1270 | 1263 | 1252.

(Author is a Mumbai based technical analyst)

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