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Buy Jindal Steel on dips: Ravi Nathani

SI Reporter/New Delhi 08 Aug 12 | 08:33 AM

S&P CNX NIFTY CMP 5336.70

As suggested 5348 would play a very important resistance on charts for near term. Watch this level closely however trade above 5355 one could open long positions in small lots as it might attracted towards profit booking in the end. Intraday trading Levels Buy Above:  5353 Resistance 5363 | 5379 | 5405 Sell Below: 5321 Support 5311 | 5294 | 5268.
              
JSWSTEEL CMP 718.20

It is looking bullish on charts in the near term whereas short term best trading strategy would be buy the stock at dips with a stop loss of 677. Intraday trading Levels Buy Above: 722 Resistance 724 | 728 | 734 Sell Below: 714 Support 712 | 708 | 702.
              
JUBLFOOD CMP 1169.20

Near term on charts: Fresh positive breakout resulting a buy on dips with a strict stoploss of 1093 would be the best trading strategy. Intraday trading Levels Buy Above:  1176 Resistance 1180 | 1187 | 1198 Sell Below: 1162 Support 1158 | 1151 | 1141.
              
GLENMARK CMP 415.70

Near term on charts: WOuld attract profit booking on rise as stock has rallied sharply, best trading strategy would be sell on rise. Intraday trading Levels Buy Above:  418 Resistance 420 | 423 | 427 Sell Below: 413 Support 411 | 409 | 404.

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