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Sell Adani Enterprises on rise: Ravi Nathani

SI Reporter/New Delhi 20 Jul 12 | 08:34 AM

NIFTY CMP 5242.70

Index is trading in a range whereas very close to the resistance of the range (5268 - 5125) best trading strategy to trade would be only to buy above 5268. Intraday trading Levels Buy Above:  5249 Resistance 5258 | 5267 | 5287 Sell Below: 5237 Support 5223 | 5217 | 5201.
              
ADANIENT CMP 195.85
 
Trend is down, best trading strategy would be sell on rise whereas strong support is expected at 188.00. Intraday trading Levels Buy Above:  198 Resistance 200 | 202 | 207 Sell Below: 193 Support 192 | 189 | 185.
              
APPAPER CMP 321.70

Stock is expected to highly volatile in days to come whereas range would be (352 - 284) best trading strategy to trade this stock would be sell on rise and buy near support. Intraday trading Levels Buy Above:  326 Resistance 329 | 333 | 341 Sell Below: 317 Support 314 | 310 | 303.
              
BANKBARODA CMP 695.60

Near term trend is down on charts best trading strategy would be sell on rise whereas expected support on charts is at 672.00. Intraday trading Levels Buy Above:  704 Resistance 709 | 718 | 731 Sell Below: 687 Support 682 | 674 | 660.

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