Nifty and Bank Nifty Tips, Intraday Share Tips for Today 21 May 2012

The Nifty bounced from the support of 4,780 levels and has closed at 4,891 levels. The index after a sharp decline formed a bullish engulfing pattern. Nifty has a strong support at 4,820-4,780 levels on the downside. There is an immediate resistance at 4,920-4,905 levels on the upside.

Buy Syndicate Bank above Rs 90 with target of Rs 92 - 93 higher and stop loss Rs 89.

Buy Dabur India above Rs 106.30 with target of Rs 108.30 - 109.30 higher and stop loss Rs 105.3.

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