BHARTI AIRTEL
The stock today managed to cross its resistance level and had an up rally. one could still hold the long positions in the stock as it is expected to continue its bullish trend.
Resistance2- 389.98, Resistance1- 385.27, Pivot Point 377.23,
Support1- 372.52, Support2- 364.48
Buy above Rs 390
Target - Rs 394-397-399
Stop Loss - Rs 385.
RELIANCE COMMUNICATION
The stock is in short term down trend. It is looking bearish in the coming trading session if it manages to trade and consolidate below the 10 days and 50 days moving averages. One can go for short position in it at 86 for the target of 70.
Resistance2- 97.43, Resistance1- 96.32, Pivot Point 94.53,
Support1- 93.42, Support2- 91.63
Sell below 87
Target - Rs 84-82-81
Stop Loss - 90
Bank Nifty Futures:-
Bank Index lost above -113.90 points, which is near about -1.08%. Credit Bank, Indian Overseas Banks were the leaders yesterday. Yesterday Bank Nifty Futures finally setteled and closed at 10502.40, which was down by -1.13%. In comoing trading session if it would be able to trade below support level of 10325 or above resistance level of 10640 it would be in upward trend.
Resistance & Support Level for Today:-
It has first close to the level of 10650 above this level the next resistance is near to the level of 10850. It has support close to the level of 10330 & below this level the next support is near 10090 marks.
The stock today managed to cross its resistance level and had an up rally. one could still hold the long positions in the stock as it is expected to continue its bullish trend.
Resistance2- 389.98, Resistance1- 385.27, Pivot Point 377.23,
Support1- 372.52, Support2- 364.48
Buy above Rs 390
Target - Rs 394-397-399
Stop Loss - Rs 385.
RELIANCE COMMUNICATION
The stock is in short term down trend. It is looking bearish in the coming trading session if it manages to trade and consolidate below the 10 days and 50 days moving averages. One can go for short position in it at 86 for the target of 70.
Resistance2- 97.43, Resistance1- 96.32, Pivot Point 94.53,
Support1- 93.42, Support2- 91.63
Sell below 87
Target - Rs 84-82-81
Stop Loss - 90
Bank Nifty Futures:-
Bank Index lost above -113.90 points, which is near about -1.08%. Credit Bank, Indian Overseas Banks were the leaders yesterday. Yesterday Bank Nifty Futures finally setteled and closed at 10502.40, which was down by -1.13%. In comoing trading session if it would be able to trade below support level of 10325 or above resistance level of 10640 it would be in upward trend.
Resistance & Support Level for Today:-
It has first close to the level of 10650 above this level the next resistance is near to the level of 10850. It has support close to the level of 10330 & below this level the next support is near 10090 marks.
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