The stock is moving in a bearish trend currently. It managed to breach its support level and made a low of 610. Its next support is at 599, breach of which will continue its bearish trend.
Resistance2- 626.28, Resistance1- 619.17, Pivot Point 614.58,
Support1- 607.47, Support2- 602.88
LARSEN AND TOUBRO
L&T showed upside movements in today's trading session also and made an intraday high of 1736.05. The stock now has resistance level at 1767 and support level at 1650. In short term it is expected to remain positive and to test its resistance level.
Resistance1- 1757.93, Resistance2- 1742.87, Pivot Point 1720.98,
Support1- 1705.92, Support2- 1684.03
SESA GOA
After making a high of 294.55 it is continuously moving in a downward trend. It is now taking support at 278 and resistance at 290. It is now trading at 283.05, form this level further downside of movement would be expected, below support level of 278 it might face more selling pressure else above 296 it would be in an upward trend.
Resistance2- 294.17, Resistance1- 289.73, Pivot Point 285.42,
Support1- 280.98, Support2- 276.67
HDFC BANK
The stock opened gap down and was consolidating during the trading hours and ended on a negative note. A further down movement can be seen in the stock once it breaks its support level. The stock is presently facing resistance at 2390 and has support at 2335 which is the 50 day moving average of the stock. One may go for selling the stock once it breaks its support level.
Resistance2- 2416.88, Resistance1- 2399.07, Pivot Point 2372.18,
Support1- 2354.37, Support2- 2327.48
HINDALCO
The stock moved down during the trading hours and ended with a negative biasness. The trend presently in the stock is weak. A further down movement can be seen in the stock once it breaks its support level. The stock is now facing resistance at 192 and has support at 182.One may go for selling the stock once it breaks its support level.
Resistance2- 193.37, Resistance1- 189.83, Pivot Point 187.42,
Support1- 183.88, Support2- 181.47
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