Technical Calls:Ranbaxy,Delta Corp and Bank Nifty

By | May 25, 2012

Bank Nifty

Bank NIfty is facing trendline resistance at 9464 crossing above it Litmus test will come at 200 DMA@9612. So today being friday last 2 hours of trading is crucial in Bank Nifty.

Sell below 9365 TGt 9295,9253,9157 and 9101

Buy above 9465 TGt 9534,9612 and 9700

 

Delta Corp

Delta Corp facing moving average resistance at 65.4,Break of 65.4 on upside can lead the stock till 68 odd levels.

Sell below 62.6 TGt 62.2,61.1 and 59

Buy above 65.4 TGt 66.5 and 67.9

 

Ranbaxy

Ranbaxy is forming a triple top pattern with resistance at 529.

Sell below 518 Tgt 508,500 and 490

Buy above 529 Tgt 535,540 and 545

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