Strong rally on charts for MARG: Ravi Nathani
NSE INDEX CMP 5607.85
On charts since last 2 days index has witnessed selling pressure at 5625; it has now become compulsion for index to close above this barrier as fresh buying would be get attracted only above 5625.
Intraday trading Levels Buy Above: 5621 Resistance 5630 | 5643 | 5665 Sell Below: 5594 Support 5586 | 5572 | 5550
MARG CMP 234.45
Sharp rally on charts would attract profit booking at higher levels; infact everydip would be opportunity to accumulate and add the stock to your portfolio.
Intraday trading Levels Buy Above: 238 Resistance 241 | 245 | 251 Sell Below: 230 Support 228 | 224 | 218
TALWARKARS CMP 242.05
Add this stock to your portfolio and hunt for opportunities to buy at dips as short & medium term looks very attractive on charts
Intraday trading Levels Buy Above: 249 Resistance 253 | 259 | 270 Sell Below: 235 Support 231 | 225 | 214
TATASPONGE CMP 369.75
Strong resistance at 387 level – traders expect selling / profit booking at higher levels.
Intraday trading Levels Buy Above: 376 Resistance 380 | 386 | 396 Sell Below: 364 Support 360 | 353 | 343
Profit Booking Levels for traders category
· 1st Level (Support or Resistance) – Safe trader
· 2nd Level (Support or Resistance) – Risky trader
· 3rd Level (Support or Resistance) – High risk / High returns
How to read these levels
· Please do not trade for the first 15 minutes in the opening of the market.
· These levels would work only on National Stock Exchange
· In first 15 minutes of trade if both the sides target has been achieved than don’t trade that stock
· In first 15 minutes please check if any one side of the levels is achieved and it is crossing yesterday
close than kindly follow the below mentioned combinations
1. If Sell below is achieved than expect Buy Above 2nd target
2. If Sell Below 1st Target Is Achieved than expect Buy Above 1st target
3. If Sell Below 2st Target Is Achieved than expect Buy Above 2nd target
4. If Sell Below 3rd Target Is Achieved than expect Yesterday’s Close
5. Sell Below 3rd Target is broken than Don’t Touch the stock
6. If Buy Above Is Achieved than expect Sell Below 2nd target
7. If Buy Above 1st Target Is Achieved than expect Sell Below 1st target
8. If Buy Above 2st Target Is Achieved than expect Sell Below 2nd target
9. If Buy Above 3rd Target Is Achieved than expect Yesterday’s Close
10. Buy Above 3rd Target is broken than Don’t Touch the stock
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