 "Near term trading strategies by Ravi Nathani")
Below mentioned are the Intraday Levels along with Near Term Trading Strategies for: 4-Nov-15
S&P CNX NIFTY CMP Rs 8060.70
Near Term: Trend is bullish on charts, best trading strategy would be dips with a target expected Rs 8180 & Rs 8240.
Intraday trading Levels Buy Above: Rs 8077 Resistance Rs 8087 | 8103 | 8129 Sell Below: Rs 8045 Support Rs 8034 | 8018 | 7992
Weekly Levels 8135 Resistance Rs 8177 | 8246 | 8358 Sell Below: Rs 7997 Support Rs 7954 | 7885 | 7774
HEXAWARE TECH CMP Rs 235.40
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Near Term: Trend is down on charts whereas strong support is expected around 225, expect stock to trade with negative bias within the range of (242-226)
Intraday trading Levels Buy Above: Rs 238 Resistance Rs 240 | 243 | 247 Sell Below: Rs 233 Support Rs 231 | 228 | 223
Weekly Levels Rs 245 Resistance Rs 249 | 254 | 263 Sell Below: Rs 235 Support Rs 231 | 226 | 217
GAIL CMP Rs 307.15
Near Term: With a strict stoploss of Rs 300, best trading strategy for traders would be buy on dips.
Intraday trading Levels Buy Above: Rs 311 Resistance Rs 313 | 317 | 323 Sell Below: Rs 304 Support Rs 301 | 298 | 292
Weekly Levels Rs 315 Resistance Rs 318 | 325 | 335 Sell Below: Rs 302 Support Rs 298 | 292 | 282
TITAN CMP Rs 348.40
Near Term: Trend is bullish on charts whereas next resistance is expected around 361, best trading strategy would be buy on dips.
Intraday trading Levels Buy Above: Rs 352 Resistance Rs 355 | 359 | 365 Sell Below: Rs 344 Support Rs 342 | 338 | 332
Weekly Levels Rs 354 Resistance Rs 357 | 361 | 368 Sell Below: Rs 346 Support Rs 343 | 339 | 332
TVS MOTOR CMP Rs 287.90
Near Term: Trend is bullish on charts, buy the stock with a target of Rs Rs 300.00
Intraday trading Levels Buy Above: Rs 292 Resistance Rs 294 | 297 | 303 Sell Below: Rs 284 Support Rs 282 | 278 | 273
Weekly Levels Rs 275 Resistance Rs 282 | 292 | 308 Sell Below: Rs 256 Support Rs 249 | 239 | 223
WOCKHARDT PHARMA CMP Rs 1529
Near Term: Range bound on charts (1565 - 1475) trade above/below would add trigger in the direction.
Intraday trading Levels Buy Above: Rs 1546 Resistance Rs 1557 | 1574 | 1601 Sell Below: Rs 1512 Support Rs 1502 | 1485 | 1458
Weekly Levels Rs 1551 Resistance Rs 1585 | 1639 | 1727 Sell Below: Rs 1443 Support Rs 1409 | 1355 | 1267
Disclaimer: I don't have investment exposure in any of the above mentioned stocks / Index Fut/Options.
Ravi Nathani is a technical analyst at nsetoday.com
Ravi Nathani is a technical analyst at nsetoday.com
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