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Thursday, July 19, 2012

Market Trend, Nifty, Bank Nifty Tips, Intraday Trading Tips For Tomorrow-20 July 12

The markets closed positive today with IT, oil & gas and consumer durables being the best performers. Capital goods and power, too, gained significantly and auto remained the only sector that closed negative. The Sensex closed at 17279, up 94 points from its previous close, and the Nifty shut shop at 5243, up 26 points. The top Nifty gainers were Cairn India, BPCL, Infosys and IDFC while the biggest losers included Maruti Suzuki, Bank of Baroda, Kotak Mahindra Bank and Bharti Airtel.

Nifty Support and the resistance levels are:-
Support1 = 5243, Support2 = 5229, Support3 = 5217
Resistance1 = 5269, Resistance2 = 5281, Resistance3 = 5295

Bank Nifty support and the resistance levels are:-

Support1 = 10600, Support2 = 10565, Support3 = 10505 
Resistance1 = 10695, Resistance2 = 10755, Resistance3 = 10790

Stock Intraday Tips For Tomorrow:-

Reliance Infrastructure Ltd.
R1-535, R2-541.83, R3-553.93
S1-523.02, S2-517.63, S3-505.53

Coal India Ltd.
R1-362.58, R2-365.37, R3-370.22
S1-357.73, S2-355.67, S3-350.82

Bharat Heavy Electricals Ltd.
R1-236.62, R2-238.38, R3-241.83
S1-233.17, S2-231.48, S3-228.03

Intraday Trading Tips For Tomorrow:-

Buy Dishman Pharma with a 15-30 day target of Rs 85 and stop loss of Rs 58
Buy BHEL with a target of Rs 248-255 and stop loss of Rs 223
Buy GMR Infra with a target of Rs 28 and stop loss of Rs 22.50

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