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MENTHAOIL Intraday Tips For 25 May 2019

Last update on 23 May 2019
MENTHAOIL (EXP 31 May 2019) CMP-1458.6 currently close up side in intraday. It is likely to test resistance 1477.80 / 1497.05 / 1524.40. If it breaks below 1450.45 with volume then it may test lowerside supports, such as 1431.20 / 1403.85 / 1384.60.
INTRADAY SUPPORT AND RESISTANCE LEVELS
R4 1524.40
R3 1497.05
R2 1477.80
R1 1464.10
PP 1450.45
S1 1440.80
S2 1431.20
S3 1403.85
S4 1384.60
Last Day High 1469.7
Last Day Low 1423.1
Last Day Close 1458.6
Close up side
Always prefer to long if cross R2(with volume) and short if cross S2(with volume)