RPL - Caveat Emptor !!!

The Nifty fell below the intraday support level of 4315 and closed lower at below 4300. As indicated earlier, the likely hood of 4225 is higher. Resistance remains at 4355-4375 range.

RPL seems to be witnessing selling pressure and the major support is at 156. RSI as well as the other advanced indicators are suggesting weakness, especially if it breaks and closes below 154/-.



Down target could be initially at 147 and then 141/-. Upmoves are likely to face resistance at 163.50 levels

As they say 'Caveat Emptor' ( meaning 'Buyer Beware')

Happy trading !

CA Rajiv D Khatlawala