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Trading strategies: Wipro, JSW Steel

Ravi Nathani/Mumbai 22 Mar 12 | 08:44 AM

S&P CNX NIFTY CMP 5364.95
Index on charts have given a bullish breakout which indicates that markets are expected to rally whereas resistance is expected at 5438 & 5500. Best trading strategy still remains the same buy at dips…
Intraday trading Levels Buy Above:  5392 Resistance 5409 | 5437 | 5481 Sell Below: 5337 Support 5321 | 5293 | 5249
              
WIPRO CMP 427.60
Stock has given a breakout on charts in near term & it is expected to rally whereas resistance is expected at 440; traders strategy would be buy at dips….
Intraday trading Levels Buy Above:  430 Resistance 432 | 434 | 438 Sell Below: 425 Support 423 | 421 | 417
              
JSWSTEEL CMP 778.15
Smart rally of yesterday is likely to continue for the next 2 trading sessions; whereas resistance is expected at 790 & 810. Traders strategy would be buy at dips….
Intraday trading Levels Buy Above:  792 Resistance 800 | 814 | 836 Sell Below: 764 Support 756 | 742 | 720
              
RELCAPITAL CMP 417.85

Bullish breakout on charts whereas resistance is expected at 430; traders strategy would be buy at dips….
Intraday trading Levels Buy Above:  425 Resistance 430 | 437 | 449 Sell Below: 410 Support 406 | 398 | 386

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