Use our Support & Resistance and play both side

Yesterday We recommended that Nifty can go On upside level 4970 and its make a high 4963
Dow Jones – 48, Nasdaq – 2, Today Sell Nifty below 4750
Use our support and resistance level and trade both side of trading.
Century Txt Buy above 750 tgt 756, 762, 769
Zee make a positive diversion Buy above 250 tgt 258, 261, 265

The Nifty is expected to trade within the range 4,970 towards upside and 4,640 towards downside and any decisive move will take place only when the Nifty breaches either side of the range. The volume was once again below the 20 day’s average volume.

Scrip Name.......Support Levels..Close.Resistance Levels............Action
................................S1....... S2....... (Rs)....R2.......... R1
NIFTY Futures 4684.. 4720.. 4741. 4762. 4800 Go long abo R2,Go short below S2.
Century Text......730....737......744....750..757.....Go long abo R2,Go short below S2.
ICICI Bank .........770 .....777....784 ....790.. 797.... Go long abo R2,Go short below S2.
Infosys............. 1458 ...1471 ...1482 1493 .1505 ...Go long with stop loss below S2
J P Associates 227 230 232 234 237 Go long abo R2,Go short below S2.
Reliance 2310 2330 2344 2359 2382 Go long abo R2,Go short below S2.
Reliance Cap 1194 1206 1215 1224 1236 Go long abo R2,Go short below S2.
Reliance Com 510 515 519 523 528 Go long abo R2,Go short below S2.

Adlabs Film 607 613 618 623 629 Sell on rise to R2
DLF 610 616 622 627 633 Sell on rise to R2
SBI 1628 1642 1653 1665 1679 Sell on rise to R2
Tata Steel 635 641 646 652 658 Sell on rise to R2