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Buy M&M on dips: Ravi Nathani

SI Reporter/New Delhi 10 Aug 12 | 08:40 AM

S&P CNX NIFTY CMP 5322.95

Near term Charts: As expected & suggested Nifty might attract a small profit booking once again. Intraday trading Levels Buy Above:  5336 Resistance 5344 | 5358 | 5379 Sell Below: 5310 Support 5302 | 5288 | 5267.
              
BPCL CMP 340.30
 
Near term Charts: Sharp rally in yesterday's trade indicates a bounce could be expected on charts, best trading strategy would be buy on dips with a stoploss of 337.00. Intraday trading Levels Buy Above:  344 Resistance 346 | 350 | 356 Sell Below: 337 Support 334 | 331 | 325.
              
M&M CMP 743.05

Near term Charts: Trend is up whereas  next resistance is expected at 769, best trading strategy would be buy on dips. Intraday trading Levels Buy Above:  749 Resistance 752 | 758 | 767 Sell Below: 737 Support 734 | 728 | 719.
              
BHARTIARTL CMP 256.75

Near term Charts: Trend is down whereas support is expected at 240 - 245, best trading strategy would be sell on rise. Intraday trading Levels Buy Above:  262 Resistance 265 | 270 | 278 Sell Below: 252 Support 248 | 243 | 235.

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