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Intraday Tips for Tuesday 31 May 2011- Technical Overview

Discussion in 'Stock Market News & Analysis' started by rohans305, May 30, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    Ranbaxy from the last few trading session moving in an upward trend and in today's trading session it manages
    to trade and close above the 10 days and 50 days moving averages. It is now trading at 536.60 from this level further upside of movement would be expected. One can go for long position in it at 542 for the target of 560.
    Resistance2- 557.82, Resistance1- 546.83, Pivot Point 530.42,
    Support1- 519.43, Support2- 503.02
    CIPLA showed upside movement in today's trading session and made an intraday high of 331. Now the stock has resistance level at 333 and support level at 321. It is expected to show positive biasness and to test its resistance level in short term.
    Resistance2- 338.98, Resistance1- 334.97, Pivot Point 326.98,
    Support1- 322.97, Support2- 314.98
    Sun Pharma is looking strong on chart; it is now taking support at....read full post

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