Technical Calls:Bank Nifty,REC and Ranbaxy

By | June 19, 2012

Bank Nifty

Bank Nifty is respecting the trendline channel with support at important moving averages.Trendline resistance 10197 and support at 9666.

Buy above 9750 TGt 9820,9881 and 9935

Sell below 9661 Tgt 9564,9484 and 9444

REC Limited

REC has been quiet volatile within range of 182-170. Taking support at 170 and Selling off from 181. Till 169.6 is not broken REC is bound to again go to 182 odd levels  and once that is crossed next move till 187 can happen in matter of days.

Buy above 174.5 Tgt 177.65,179.5 and 182.5

Sell below 168 Tgt 166.6,163 and 161.6

 

Ranbaxy

Ranbaxy has again taken support at 470 odd levels and again provide a good risk to reward trade

Buy above 475 Tgt 479,482 and 485

Sell below 468 Tgt 464 ,457 and 453

 

 

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