ONGC
After a brief consolidation the stock is showing strength above the level of 282, the stock has shown a sign of improvement with trading above the 10 days and 50 days moving averages. It is now taking resistance at 282 and support at 270. It is looking strong on charts; one can go for long position in it at 282 for the target of 300.
Resistance2-  286.2,  Resistance1-  283.6,  Pivot Point  279.4,
Support1-  276.8,  Support2-  272.6
MAHINDRA & MAHINDRA
M&M consolidated with positive biasness today but traded in tight range. The stock has support level at 708 and resistance level at 740. It is expected to consolidate with positive biasness and may test its resistance level.
Resistance2-  747.12,  Resistance1-  736.93,  Pivot Point  724.62,
Support1-  714.43,  Support2-  702.12
ITC
ITC consolidated with positive biasness in today's trading session but traded in tight range. The stock has resistance level at 205 and it has support level at 199. In short term is expected to remain range bound also crossing of resistance level may take it to higher levels.
Resistance2-  205.6,  Resistance1-  204.1,  Pivot Point  202.3,
Support1-  200.8,  Support2-  199
HINDALCO
The stock opened gap down and moved down further during the trading hour and closed on negative note. The stock is now facing resistance at 187 and has support at 175. As the stock closed on a negative note a further down movement can be seen in the stock. One may go for selling the stock once it breaks its support level.
Resistance2-  190.18,  Resistance1-  185.12,  Pivot Point  181.93,
Support1-  176.87,  Support2-  173.68
AXIS BANK
The stock today managed to breach its support level and had a down rally in today's trading session. One could hold the short positions in the stock as it is expected to move till the levels of 1250-1240 in coming trading sessions.
Resistance2-  1322.62,  Resistance1-  1293.28,  Pivot Point  1276.67,
Support1-  1247.33,  Support2-  1230.72