STERLITE INDUSTRIES
In today's trading session the stock crosses its resistance level and made a high of 168.55.The stock was up by more than 3.5%. It has next resistance level at 170 and support level at 164. In short term it is expected to remain positive and to test its resistance level. One may hold long position in it till it breaks its support level at 164.
Resistance2- 171.27, Resistance1- 169.73, Pivot Point 167.02,
Support1- 165.48, Support2- 162.77
IDFC
IDFC showed positive side movement in today's trading session and made intraday high of 131.55. The stock now has resistance level at 134 and support level at 122. In short term it is expected to consolidate with positive biasness and to test its resistance level.
Resistance2- 134.65, Resistance1- 132.85, Pivot Point 129.75,
Support1- 127.95, Support2- 124.85
HDFC BANK
The stock showed a continuous up movement during the trading hour after breaking its resistance at 2440 and marked a high of 2499 and ended on a positive note. The stock is now facing resistance at 2530 and has support at 2452 which is the 10 day moving average if the stock. 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- 2539.68, Resistance1- 2516.37, Pivot Point 2475.68,
Support1- 2452.37, Support2- 2411.68
ONGC
ONGC was trading in a short term down trend and in today's trading a negative opening made it to trade and close below it 10 days moving averages. The stock has a resistance level of 290 and support at 276.It is looking bearish in the coming trading session; one can go for short position in it at 276 for the target of 250.
Resistance2- 292.57, Resistance1- 285.53, Pivot Point 281.12,
Support1- 274.08, Support2- 269.67
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- 1436.65, Resistance1- 1420.3, Pivot Point 1402.65,
Support1- 1386.3, Support2- 1368.65
In today's trading session the stock crosses its resistance level and made a high of 168.55.The stock was up by more than 3.5%. It has next resistance level at 170 and support level at 164. In short term it is expected to remain positive and to test its resistance level. One may hold long position in it till it breaks its support level at 164.
Resistance2- 171.27, Resistance1- 169.73, Pivot Point 167.02,
Support1- 165.48, Support2- 162.77
IDFC
IDFC showed positive side movement in today's trading session and made intraday high of 131.55. The stock now has resistance level at 134 and support level at 122. In short term it is expected to consolidate with positive biasness and to test its resistance level.
Resistance2- 134.65, Resistance1- 132.85, Pivot Point 129.75,
Support1- 127.95, Support2- 124.85
HDFC BANK
The stock showed a continuous up movement during the trading hour after breaking its resistance at 2440 and marked a high of 2499 and ended on a positive note. The stock is now facing resistance at 2530 and has support at 2452 which is the 10 day moving average if the stock. 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- 2539.68, Resistance1- 2516.37, Pivot Point 2475.68,
Support1- 2452.37, Support2- 2411.68
ONGC
ONGC was trading in a short term down trend and in today's trading a negative opening made it to trade and close below it 10 days moving averages. The stock has a resistance level of 290 and support at 276.It is looking bearish in the coming trading session; one can go for short position in it at 276 for the target of 250.
Resistance2- 292.57, Resistance1- 285.53, Pivot Point 281.12,
Support1- 274.08, Support2- 269.67
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- 1436.65, Resistance1- 1420.3, Pivot Point 1402.65,
Support1- 1386.3, Support2- 1368.65
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