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Sell Reliance Infra on rise: Ravi Nathani

SI Reporter/New Delhi 28 Aug 12 | 08:47 AM

NIFTY 5350

Near term charts: Watch 5340 very closely as trade & close below this level would attract selling pressure on everyrise. Intraday trading Levels Buy Above:  5363 Resistance 5370 | 5383 | 5403 Sell Below: 5338 Support 5330 | 5318 | 5298.              

RELINFRA CMP 472

Near term charts: Near term trend is down, best trading strategy would be sell on rise as stock has strong support at 467. Intraday trading Levels Buy Above:  478 Resistance 481 | 486 | 495 Sell Below: 467 Support 463 | 458 | 449.

JINDALSTEL CMP 377

Near term charts: As trend is down on near term charts best trading strategy still remains the same sell on rise as next strong support on charts is expected at 360 levels. Intraday trading Levels Buy Above:  383 Resistance 387 | 392 | 402 Sell Below: 372 Support 368 | 363 | 354.

PNB CMP 679

Near term charts: Trend is down, best trading strategy would be sell on rise as stock is expected to underperform in near term whereas target / support is expected at 645 & 610. Intraday trading Levels Buy Above:  688 Resistance 694 | 704 | 719 Sell Below: 670 Support 664 | 655 | 639.

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