Near term trading strategies by Ravi Nathani

Below mentioned are the Intraday Levels along with Near Term Trading Strategies for: 30-Oct-15  

S&P CNX NIFTY CMP Rs 8111.75
 

Near Term: Strong support on charts is expected around Rs 8060.00 best trading strategy would be buy on dips.

Intraday trading Levels Buy Above:  Rs 8131 Resistance Rs 8143 | 8162 | 8193
Sell Below: Rs 8092 Support Rs 8081 | 8061 | 8030

Weekly Levels Rs 8322 Resistance Rs 8338 | 8364 | 8406
Sell Below: Rs 8269 Support Rs 8253 | 8227 | 8185

BATA INDIA CMP Rs 503.80 

Near Term: Trend is down on charts whereas support on charts is expected around Rs 490.00 best trading strategy would be sell on rise.

Intraday trading Levels Buy Above:  Rs 511 Resistance Rs 515 | 522 | 533
Sell Below: Rs 497 Support Rs 493 | 486 | 475

Weekly Levels Rs 530 Resistance Rs 532 | 536 | 542
Sell Below: Rs 522 Support Rs 520 | 516 | 510

BHARAT FORGE CMP Rs 814.30 

Near Term: Bearish trend on charts Sell on rise whereas support is expected around Rs760.00

Intraday trading Levels Buy Above: Rs 831 Resistance Rs 841 | 858 | 884
Sell Below: Rs 798 Support Rs 788 | 771 | 744

Weekly Levels Rs 934 Resistance Rs 941 | 952 | 970
Sell Below: Rs 911 Support Rs 904 | 893 | 874

GLENMARK CMP Rs 942.75 

Near Term: Strong support on charts is expected around Rs 920, close below this level would open doors for Rs 860.00

Intraday trading Levels Buy Above:  Rs 959 Resistance Rs 969 | 985 | 1011
Sell Below: Rs 927 Support Rs 917 | 901 | 875

Weekly Levels Rs 1037 Resistance Rs 1042 | 1050 | 1063
Sell Below: Rs 1021 Support Rs 1016 | 1008 | 995

JUSTDIAL CMP Rs 855.80 

Near Term: Sell on rise, support is expected around Rs 820.00

Intraday trading Levels Buy Above: Rs 877 Resistance Rs 890 | 911 | 946
Sell Below: Rs 835 Support Rs 821 | 800 | 766

Weekly Levels Rs 1064 Resistance Rs 1071 | 1083 | 1101
Sell Below: Rs 1042 Support Rs 1035 | 1023 | 1005

MOTHERSON SUMI CMP Rs 251 

Near Term: Buy on dips with a strict stoploss of close below Rs 240, as technical bounce could be expected.....

Intraday trading Levels Buy Above:  Rs 254 Resistance Rs 256 | 258 | 263
Sell Below: Rs 249 Support Rs 247 | 244 | 240

Weekly Levels Rs 247 Resistance Rs 251 | 256 | 266
Sell Below: Rs 236 Support Rs 232 | 227 | 218

Disclaimer: I don't have investment exposure in any of the above mentioned stocks / Index Fut/Options. 

Ravi Nathani is a technical analyst at nsetoday.com