WIPRO
Wipro has strong recovery in today's session but pulled down all its initial gains and closed flat with the negative bias. The stock has immediate support at 430 and if breached this level then it may show some more correction in the coming trading sessions.
Resistance2 444.07, Resistance1- 440.33, Pivot Point 436.17, Support1- 432.43, Support2- 428.27
TATA STEEL
Tata steel is in uptrend. The stock has gap up opening but can't hold it and soon erased it and managed to close flat. The stock has immediate support at 600 and if continue to hold the level then above the level of 620 it may show some uptrend.
Resistance2- 616.6, Resistance1- 613.5, Pivot Point 608.7, Support1- 605.6, Support2- 600.8
TATA POWER
Tata power has continued to trade in uptrend. The stock has positive breakout in it and has closing at the day high. So above the level 1275 it may continue with the uptrend in the coming trading sessions.
Resistance2- 1271.75, Resistance1- 1263.8, Pivot Point 1251.95, Support1- 1244, Support2- 1232.15
RANBAXY
Ranbaxy battered down to 432.10 which served as a major support level, it now moving in a sideways. It is looking strong on charts from this level further upside movement would be expected, above 450 it would be in an upward trend.
Resistance2- 446.2, Resistance1- 443.2, Pivot Point 440.35, Support1- 437.35, Support2- 434.5
MAHINDRA & MAHINDRA
M&M in today's trading session found the support at 648 and resistance at 671.In order to be in an upward trend it has to trade and consolidate above the 10 days and 50 days moving averages. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 671 else below 648 it would be in a downward trend.
Resistance2- 662.07, Resistance1- 654.08, Pivot Point 647.52, Support1- 639.53, Support2- 632.97
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