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Sell SBI on rise: Ravi Nathani

SI Reporter/New Delhi 17 Jul 12 | 08:39 AM

NIFTY 5197

Nifty on charts is range bound (5348 – 5125) trade above / below would add trigger in the direction. Intraday trading Levels Buy Above:  5211 Resistance 5219 | 5232 | 5254 Sell Below: 5184 Support 5176 | 5162 | 5141.

BANKBARODA CMP 726.60

Range bound on charts (738 – 708) trade above / below would add trigger in the direction. Intraday trading Levels Buy Above:  730 Resistance 732 | 736 | 741 Sell Below: 723 Support 721 | 717 | 712.

PNB CMP 852.65

Range bound on charts (874 – 828) trade above / below would add trigger in the direction. Intraday trading Levels Buy Above:  858 Resistance 862 | 868 | 877 Sell Below: 847 Support 843 | 838 | 828.

SBIN CMP 2199.45

Near term trend is down, best trading strategy would be sell on rise with a stoploss of 2253 whereas target / support expected is 2080. Best trading strategy would be sell on rise. Intraday trading Levels Buy Above:  2208 Resistance 2214 | 2223 | 2237 Sell Below: 2191 Support 2185 | 2176 | 2162.

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