BUY SCI FUTURES AT 157
Wednesday, January 6, 2010
CRANE SOFTWARE
The stock is trading very close to its yearly low of 26.25. Use this level as the major support and enter into it. Resistance at 30, if moves up it can test 33, 35 and more. (Use strict stop loss below 25)
OPTO CIRCUIT
Support at 232 and 227.90. Resistance at 240, above if moves one can expect further uptrend and it may test 244 and more. (Buy at declines)
SATYAM
Resistance at 108, if trades continuously, it can test 114.75 and 117. Support at 104.10 and 103. (Buy at only declines)
SCI
Minor resistance at 162, above if moves with volumes, it may test 164 and 168. Support at 157.25 and 155.90. (Buy at declines)
MERCATOR LINES
Support at 61.10 and 59.95. (Buy at declines) Resistance at 62.50, above it can test 63 and 66. (Buy at declines)
NIFTY
Nifty has resistance at 5293, 5301. If breaks, it has resistance at 5315, 5325 and 5335. Support at 5258, 5250, 5235, 5212 and 5200.
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