Technical view: Strategy remains to sell on rise 12 November

S&P CNX NIFTY CMP 6078.80

Negative break down on charts for near term, sell on every rise would be the best trading strategy for traders…

Intraday trading Levels Buy Above:  6096 Resistance 6107 | 6124 | 6153 Sell Below: 6061 Support 6051 | 6033 | 6005

TATACOMM CMP 286.40

Fresh positive breakout on charts, best trading strategy would be buy on dips.

Intraday trading Levels Buy Above:  294 Resistance 299 | 307 | 320 Sell Below: 279 Support 274 | 266 | 253

YESBANK CMP 333.45

Sell on rise would be the best trading strategy to trade in near term as stock has strong support around 320.

Intraday trading Levels Buy Above:  338 Resistance 342 | 347 | 355 Sell Below: 328 Support 325 | 320 | 312

ZEEL CMP 281.90

Buy on dips as stock is bullish on charts and is expected to outperform the market in near & short term whereas resistance on charts is expected around 310.

Intraday trading Levels Buy Above:  286 Resistance 289 | 293 | 301 Sell Below: 277 Support 275 | 270 | 263

ZENSARTECH CMP 310.45

Sharp rally on charts would attract profit booking on rise whereas support on charts is expected around 290. Best trading strategy would be sell on rise.

Intraday trading Levels Buy Above:  317 Resistance 322 | 329 | 340 Sell Below: 303 Support 299 | 292 | 281

SIEMENS CMP 547

Range bound on charts (580-520) close above/below would add trigger in the direction.

Intraday trading Levels Buy Above:  556 Resistance 561 | 571 | 585 Sell Below: 538 Support 532 | 523 | 508

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

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