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The stock continued its consolidation this week as well. One could go for buying on dip strategy in the stock till it breaches level of 1005 as it is expected to continue its bullish trend after a short term correction in coming trading sessions.
Resistance2- 1046.6, Resistance1- 10 42.2, Pivot Point 1037.6, Support1- 1033.2, Support2- 1028.6
The stock after taking support at lower levels has moved in an up rally this week and made a high of 2102. It was amongst the biggest gainers in heavyweights with gains up to 8.81%.
Resistance2- 2126.25, Resistance1- 2108.6, Pivot Point 208 4.35, Support1- 2066.7, Support2- 2042.45
Wipro has strong recovery in the last trading sessions of the week and closed on stronger notes near the resistance level of 460. So a decisive breakout above the level of 460 may continue the uptrend in the short run.
Resistance2- 467.6, Resistance1- 461.75, Pivot Point 452.8, Support1- 446.95, Support2- 438
Tata motor is oscillating in the range of 1115-1195 from the last few trading sessions. The stock has closing with the positive bias. So a decisive breakout above the level of 1195 may show some uptrend in the coming trading sessions.
Resistance2- 1209.62, Resistance1- 1196.73, Pivot Point 1179.02, Support1- 1166.13, Support2- 1148.42
Ranbaxy battered down to 432.10 which served as a major support level, it now moving 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- 450.57, Resistance1- 445.73, Pivot Point 441.87, Support1- 437.03, Support2- 433.17



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