Technical view: Nifty may be range-bound

S&P CNX NIFTY CMP 6059.10

Range bound on charts (5970 – 6215) trade below/above would add trigger in the direction.

Intraday trading Levels Buy Above:  6074 Resistance 6084 | 6099 | 6124 Sell Below: 6044 Support 6034 | 6019 | 5994

ABB CMP 646.00

Near term trend is up on charts whereas stiff resistance on charts is expected around 700. Traders strategy would be buy on dips.

Intraday trading Levels Buy Above:  666 Resistance 678 | 697 | 729 Sell Below: 626 Support 614 | 595 | 563

APLLTD CMP 212.25

Range bound on charts (221-198) trade above/below would add trigger in the direction.

Intraday trading Levels Buy Above:  215 Resistance 217 | 220 | 226 Sell Below: 209 Support 207 | 204 | 199

BPCL CMP 324.85

Near term trend is down on charts, best trading strategy would be sell on rise whereas next support on charts is expected around 300.

Intraday trading Levels Buy Above:  331 Resistance 335 | 341 | 351 Sell Below: 319 Support 315 | 309 | 299

HINDPETRO CMP 204.00

Range bound on charts (210-198) trade above/below would add trigger in the direction.

Intraday trading Levels Buy Above:  207 Resistance 208 | 211 | 215 Sell Below: 201 Support 200 | 197 | 193

M&MFIN CMP 310

Fresh positive breakout on charts, investors & traders shall grab the opportunites to buy the stock at cmp or on dips with a target expected 330 in near term.

Intraday trading Levels Buy Above:  315 Resistance 318 | 324 | 332 Sell Below: 304 Support 301 | 295 | 287

Disclaimer: I don’t have investment exposure in any of the above mentioned stocks / Index Fut/Options.

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