RELIANCE INFRA
It is now taking support at 595 and resistance at 626. It is looking weak on chart in today's trading session it was down by 1.93 % from this level further downside of movement would be expected. Once can go for short position in it at 585 below this level it might be in a bearish trend.
R2 - 609.22 , R1 - 602.13 , PP 594.17, S1 - 587.08 , S2 - 579.12
SIEMENS INDIA
The stock is consolidating at higher levels currently. One has to wait for crossing of levels on either side before taking any positions in it.
R2 - 864.9 , R1 - 860.65, PP 854.15, S1- 849.9, S2 - 843.4
SAIL
The stock moved with negative biasness this week. It has major support at the level of 150, breach of this level may bring some more downfall in the stock else it may also bounce back from lower support levels while it has resistance at 162.50, crossing of this level may bring some upward movement.
R2- 156.82 , R1 - 154.03, PP 152.02, S1 - 149.23 , S2 - 147.22
SBI
SBIN
The stock has tried to recover from lower support levels after a sharp fall in previous weeks. One should wait for sometime before taking any positions in the stock as a short term consolidation is expected in the stock.
R2 - 2713.25 , R1 - 2668.7, PP 2639.85, S1 - 2595.3 , S2 - 2566.45
SUZLON
Suzlon is facing selling pressure since made high of 50 and it is now looking weak in the coming trading session. So below the level of 45 some more downside may be there.
R2 - 48.03 , R1- 47.27, PP- 46.58, S1- 45.82, S2 - 45.13
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