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Buy Sun Pharma on dips: Ravi Nathani

SI Reporter/New Delhi 17 Aug 12 | 08:54 AM

S&P CNX NIFTY CMP 5362.95

Near Term Charts: Trend is up on charts best trading strategy would be buy on dips. Intraday trading Levels Buy Above:  5371 Resistance 5376 | 5384 | 5397 Sell Below: 5355 Support 5350 | 5342 | 5329.

SUNPHARMA CMP 662.45

Near Term Charts: Strong support is expected at 648; best trading strategy would be buy on dips with a stoploss of the same. Intraday trading Levels Buy Above:  665 Resistance 667 | 670 | 675 Sell Below: 659 Support 658 | 655 | 650.

TATASTEEL CMP 398.25

Near term Pattern on Charts: Strong resistance is expected at 415; trade above this level would open doors for 443. Intraday trading Levels Buy Above: 401 Resistance 403 | 406 | 410 Sell Below: 395 Support 394 | 391 | 386.

MARUTI CMP 1172.60

Near Term Charts: Range bound on charts 1160 – 1198, trade above / below would add trigger in the direction. Intraday trading Levels Buy Above:  1179 Resistance 1183 | 1190 | 1201 Sell Below: 1166 Support 1162 | 1155 | 1145

 

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