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Sell Axis Bank on rise: Ravi Nathani

SI Reporter/New Delhi 18 Jul 12 | 08:44 AM

S&P CNX NIFTY CMP 5193

Index is expected to trade in a range (5268 – 5125) trade above / below would add trigger in the direction. Intraday trading Levels Buy Above:  5206 Resistance 5214 | 5227 | 5248 Sell Below: 5180 Support 5172 | 5159 | 5138.

AXISBANK CMP 1023.80

Near term trend is down on charts best trading strategy would be sell on rise. Intraday trading Levels Buy Above:  1035 Resistance 1042 | 1054 | 1072 Sell Below: 1012 Support 1005 | 994 | 975.

RELINFRA CMP 517.70

Near term trend is down on charts best trading strategy would be sell on rise whereas strong support is expected at 492. Intraday trading Levels Buy Above:  523 Resistance 526 | 532 | 541 Sell Below: 512 Support 509 | 504 | 495.

RELCAPITAL CMP 348.80

Range bound on charts (372 -337) trade above / below would add trigger in the direction. Best trading strategy would be sell near resistance and buy near support until it gives a clear trend pattern on charts. Intraday trading Levels Buy Above:  352 Resistance 354 | 357 | 362 Sell Below: 346 Support 344 | 341 | 336.

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