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Sell Wipro on rise: Ravi Nathani

SI Reporter/New Delhi 07 Sep 12 | 08:42 AM

S&P CNX NIFTY CMP 5238.40

Near term trend is down however selling pressure seems haulted fresh selling would trigger only if Nifty trades below 5215, best trading strategy would be buy on dips with a stoploss of 5215 target expected 5300. Intraday trading Levels Buy Above:  5249 Resistance 5255 | 5265 | 5281 Sell Below: 5228 Support 5222 | 5212 | 5195.

WIPRO CMP 377.45

Current rally shall be considered as a technical bounce in near term, whereas best trading strategy still remains the same "sell on rise." Intraday trading Levels Buy Above:  382 Resistance 384 | 389 | 396 Sell Below: 373 Support 370 | 366 | 359.

INFY CMP 2422.00

Strong resistance is expected around 2455, best trading strategy would be sell around resistance as trend on charts is still down. Intraday trading Levels Buy Above:  2440 Resistance 2452 | 2470 | 2499 Sell Below: 2404 Support 2392 | 2374 | 2345.

ACC CMP 1335.70

Trade & close above 1351 would open doors for 1400; till than stock is expected to be range bound. Intraday trading Levels Buy Above:  1349 Resistance 1357 | 1371 | 1393 Sell Below: 1322 Support 1314 | 1301 | 1279.

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