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Buy RIL on dips: Ravi Nathani

SI Reporter/Mumbai 03 Aug 12 | 08:32 AM

NIFTY CMP 5228

Near Term on Charts: On charts stiff resistance is expected at 5258, best trading strategy would be sell on rise with stoploss of the same. Intraday trading Levels Buy Above:  5234 Resistance 5238 | 5244 | 5255 Sell Below: 5221 Support 5217 | 5211 | 5201.

RELIANCE CMP 739.55


Near Term on Charts: Stock is expected to outperform, whereas support is expected at 726, best trading strategy would be buy on dips. Intraday trading Levels Buy Above:  742 Resistance 744 | 746 | 750 Sell Below: 737 Support 735 | 733 | 729.

BOMDYEING CMP 505.70


Near Term on Charts: Trend is down on charts best trading strategy would be sell on rise. Intraday trading Levels Buy Above:  508 Resistance 510 | 512 | 516 Sell Below: 503 Support 502 | 499 | 495.

BHUSANSTL CMP 472.15

Near Term on Charts: Range-bound (479 – 462) trade & close above/below would add trigger in the direction. Intraday trading Levels Buy Above:  474 Resistance 476 | 478 | 482 Sell Below: 470 Support 468 | 466 | 463.

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