Rajesh V: Profit opportunity in Biocon and SAIL

Nifty Future should trade above 5190 to hold its bull strength; and close should be above 5155 levels.

Supports: 5120/5080/5050
Resistances: 5163/5188/5230

Bank Nifty Future (Refer chart - Bank Nifty)

Bank Nifty Future has bottom level support at 10250 level at higher levels it has major resistance at 10570

Supports – 10250/10192/10150
Resistances – 10380/10420/10476/10570

Intraday calls

Biocon
Buy above Rs 337
stop loss Rs 333
Target Rs 342

SAIL
Buy above Rs 113
Stop loss Rs 111.50
Target Rs 115

Rajesh V. Ravanappan is a practitioner of technical analysis. He has eight years of experience in the share broking industry. He is a contributing writer for www.goodreturns.in. You can contact him at rajeshvravanappan (at) gmail (dot) com

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