Intraday Tips- Technical Report and Outlook Wednesday 27th July
POWER GRID CORPORATION
ONGC was moving sideways and in today's trading it closed near to the resistance level of 110; from this level further upside of movement would be expected. It is now taking resistance at 110 above this level it would be in an upward trend else below support level of 107 it might face more selling pressure.
Resistance2- 111.3, Resistance1- 110.15, Pivot Point 108.7,
Support1- 107.55, Support2- 106.1
RELIANCE POWER
RPOWER is moving short term uptrend and in today's trading session it was moving sideways, from this level either side of movement would be expected. It is now taking support at 116 below this level it would be in a downward trend.
Resistance2- 121.07, Resistance1- 118.93, Pivot Point 117.77,
Support1- 115.63, Support2- 114.47
WIPRO
The stock remains volatile in today's trading session and closed almost flat. In upcoming session upward movement can be expected. It now has support level at 405 and resistance level at 413. One may hold long position in it till it breaks its support level of 405.
Resistance2- 416.32, Resistance1- 413.18, Pivot Point 409.17,
Support1- 406.03, Support2- 402.02
IDFC
IDFC has taken resistance from higher levels today and showed steep fall making intraday low of 133.30. The stock has resistance level at 146 and support level at 131. In short term it is expected to consolidated and remain range bound.
Resistance2- 148.5, Resistance1- 141.7, Pivot Point 137.65,
Support1- 130.85, Support2- 126.8
MAHINDRA & MAHINDRA
M&M showed negative side movements in today's trading session and made intraday low of 713.45. The stock now has support level at 710 and resistance level at 740. It is expected to consolidate and remain range bound in short term.
Resistance2- 767.27, Resistance1- 741.08, Pivot Point 727.27,
Support1- 701.08, Support2- 687.27
POWER GRID CORPORATION
ONGC was moving sideways and in today's trading it closed near to the resistance level of 110; from this level further upside of movement would be expected. It is now taking resistance at 110 above this level it would be in an upward trend else below support level of 107 it might face more selling pressure.
Resistance2- 111.3, Resistance1- 110.15, Pivot Point 108.7,
Support1- 107.55, Support2- 106.1
RELIANCE POWER
RPOWER is moving short term uptrend and in today's trading session it was moving sideways, from this level either side of movement would be expected. It is now taking support at 116 below this level it would be in a downward trend.
Resistance2- 121.07, Resistance1- 118.93, Pivot Point 117.77,
Support1- 115.63, Support2- 114.47
WIPRO
The stock remains volatile in today's trading session and closed almost flat. In upcoming session upward movement can be expected. It now has support level at 405 and resistance level at 413. One may hold long position in it till it breaks its support level of 405.
Resistance2- 416.32, Resistance1- 413.18, Pivot Point 409.17,
Support1- 406.03, Support2- 402.02
IDFC
IDFC has taken resistance from higher levels today and showed steep fall making intraday low of 133.30. The stock has resistance level at 146 and support level at 131. In short term it is expected to consolidated and remain range bound.
Resistance2- 148.5, Resistance1- 141.7, Pivot Point 137.65,
Support1- 130.85, Support2- 126.8
MAHINDRA & MAHINDRA
M&M showed negative side movements in today's trading session and made intraday low of 713.45. The stock now has support level at 710 and resistance level at 740. It is expected to consolidate and remain range bound in short term.
Resistance2- 767.27, Resistance1- 741.08, Pivot Point 727.27,
Support1- 701.08, Support2- 687.27
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