Nifty (spot) strong above 5595
Nifty (spot) weak below 5560
Nifty (spot) Support 5530/5490
Nifty (spot) Resistance 5620/5645
Nifty has given a breakout from a support level of 5575 and if it remains below this level, it may lose another 100-120 points in near future. In the longer time frame, Nifty is said to be locked in the range having support at 5200 and resistance at 5750. Any breakout of these level can give a move of 400-450 points in the days to come. Till such time it is advisable to trade with cautious approach in the short term.
Petronet above 154….may target 156/159….sl 151
Lovable above 439…may target 445/456….sl 434
Rushil above 151…..may target 161 within few days….keep sl 145.Strictly for positional traders
Subex above 65….may target 71 within few days…keep sl 63. Strictly for positive traders.
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To be used on 21st July
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