HINDALCO
The stock moved up during the trading hour after breaking its resistance at 176 and marked a high of 181 and closed with positive biasness. The stock is now facing resistance at 183 and has support at 177 which is the 10 day moving average of the stock. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.
Resistance2- 186.4, Resistance1- 183.65, Pivot Point 178.65,
Support1- 175.9, Support2- 170.9
BAJAJ AUTO LTD.
The stock is currently moving in a sideways trend. One should now wait for crossing of either side in the stock.
Resistance2- 1455.3, Resistance1- 1440.15, Pivot Point 1410.1,
Support1- 1394.95, Support2- 1364.9
HDFC BANK
The stock was consolidating during the trading hour and ended on a positive note. The stock is now facing resistance at 2440 and has support at 2385. A further up movement can be seen in the stock once it breaks its resistance level. One may go for buying the stock once it breaks its resistance level.
Resistance2- 2445.3, Resistance1- 2435.15, Pivot Point 2419.85,
Support1- 2409.7, Support2- 2394.4
GAIL INDIA
The stock showed a continuous down movement during the trading hour and closed on a negative note. The major trend presently in the stock is sideways. The stock is now facing resistance at 455 and has support at 438. As the stock closed with negative biasness a further down movement can be seen in the stock once it breaks its support level. One may go for selling the stock once it breaks its support level.
Resistance2- 465.1, Resistance1- 455.3, Pivot Point 450.15,
Support1- 440.35, Support2- 435.2
DLF
The stock had a correction phase this week and managed to recover a bit in last a few trading sessions. One should now wait for sometime as it is expected to consolidate a bit after continuous fall.
Resistance2- 218.98, Resistance1- 214.27, Pivot Point 211.63,
Support1- 206.92, Support2- 204.28
The stock moved up during the trading hour after breaking its resistance at 176 and marked a high of 181 and closed with positive biasness. The stock is now facing resistance at 183 and has support at 177 which is the 10 day moving average of the stock. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.
Resistance2- 186.4, Resistance1- 183.65, Pivot Point 178.65,
Support1- 175.9, Support2- 170.9
BAJAJ AUTO LTD.
The stock is currently moving in a sideways trend. One should now wait for crossing of either side in the stock.
Resistance2- 1455.3, Resistance1- 1440.15, Pivot Point 1410.1,
Support1- 1394.95, Support2- 1364.9
HDFC BANK
The stock was consolidating during the trading hour and ended on a positive note. The stock is now facing resistance at 2440 and has support at 2385. A further up movement can be seen in the stock once it breaks its resistance level. One may go for buying the stock once it breaks its resistance level.
Resistance2- 2445.3, Resistance1- 2435.15, Pivot Point 2419.85,
Support1- 2409.7, Support2- 2394.4
GAIL INDIA
The stock showed a continuous down movement during the trading hour and closed on a negative note. The major trend presently in the stock is sideways. The stock is now facing resistance at 455 and has support at 438. As the stock closed with negative biasness a further down movement can be seen in the stock once it breaks its support level. One may go for selling the stock once it breaks its support level.
Resistance2- 465.1, Resistance1- 455.3, Pivot Point 450.15,
Support1- 440.35, Support2- 435.2
DLF
The stock had a correction phase this week and managed to recover a bit in last a few trading sessions. One should now wait for sometime as it is expected to consolidate a bit after continuous fall.
Resistance2- 218.98, Resistance1- 214.27, Pivot Point 211.63,
Support1- 206.92, Support2- 204.28
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