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Sell Ranbaxy on rise: Ravi Nathani

SI Reporter/New Delhi 24 Jul 12 | 08:30 AM

NIFTY 5118

Index has given a negative break down on charts for near term whereas next support is expected at 5080. Intraday trading Levels Buy Above:  5131 Resistance 5139 | 5153 | 5174 Sell Below: 5105 Support 5097 | 5083 | 5062.
              
RANBAXY CMP 476

Trend is down on charts best trading strategy would be sell on rise whereas target / support expected is 470 & 466. Intraday trading Levels Buy Above:  479 Resistance 481 | 484 | 488 Sell Below: 473 Support 472 | 469 | 464.
              
TATASTEEL CMP 399

Trend is down on charts whereas stong support is expected at 385, best trading strategy would be sell on rise. Intraday trading Levels Buy Above:  403 Resistance 405 | 408 | 414 Sell Below: 396 Support 394 | 391 | 385.
              
CENTURYTEX CMP 308

Trend is down on charts, best trading strategy would be sell on rise whereas support is expected at 297 & 282. Intraday trading Levels Buy Above:  311 Resistance 313 | 315 | 320 Sell Below: 306 Support 304 | 302 | 298.

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