Intraday Tips- Technical Report and Outlook for Thursday 4th August
RELIANCE INFRA
The stock was moving sideways and in today's trading session it manages to trade above the resistance level of 550, from this level further upside of movement would be expected. It is now taking resistance at 550 above this level it would be in an upward trend.
Resistance2- 554.68, Resistance1- 550.82, Pivot Point 545.13,
Support1- 541.27, Support2- 535.58
SESA GOA
The stock has manages to trade and close near to the resistance level of 274, from this level further upside of movement would be expected. One can go for long position in it at 274 for the target of 290.
Resistance2- 278.67, Resistance1- 270.33, Pivot Point 265.02,
Support1- 256.68, Support2- 251.37
ITC
ITC had upside movements in today's trading session and traded in previous session's range. The stock may face resistance from the level of 209 and it has support level at 202. In short term is expected to consolidate with positive biasness and crossing of resistance level may take it higher levels.
Resistance2- 210.82, Resistance1- 207.78, Pivot Point 205.32,
Support1- 202.28, Support2- 199.82
LARSEN & TURBO
L&T had negative side movement in today's trading session and made intraday low of 1651. The stock now has resistance level at 1700 and support level at 1640. In short term it is expected to consolidate with negative biasness and may test its support level.
Resistance2- 1780.55, Resistance1- 1757.3, Pivot Point 1738.65,
Support1- 1715.4, Support2- 1696.75
TATA MOTORS
In today's trading session, the stock breaches its support level and made a low of 921.30. The stock was down by more than 2.95%.It now has resistance level at 932 and support level at 921.One may hold short position in it till it crosses its resistance level upside.
Resistance2- 969.33, Resistance1- 962.87, Pivot Point 956.43,
Support1- 949.97, Support2- 943.53
RELIANCE INFRA
The stock was moving sideways and in today's trading session it manages to trade above the resistance level of 550, from this level further upside of movement would be expected. It is now taking resistance at 550 above this level it would be in an upward trend.
Resistance2- 554.68, Resistance1- 550.82, Pivot Point 545.13,
Support1- 541.27, Support2- 535.58
SESA GOA
The stock has manages to trade and close near to the resistance level of 274, from this level further upside of movement would be expected. One can go for long position in it at 274 for the target of 290.
Resistance2- 278.67, Resistance1- 270.33, Pivot Point 265.02,
Support1- 256.68, Support2- 251.37
ITC
ITC had upside movements in today's trading session and traded in previous session's range. The stock may face resistance from the level of 209 and it has support level at 202. In short term is expected to consolidate with positive biasness and crossing of resistance level may take it higher levels.
Resistance2- 210.82, Resistance1- 207.78, Pivot Point 205.32,
Support1- 202.28, Support2- 199.82
LARSEN & TURBO
L&T had negative side movement in today's trading session and made intraday low of 1651. The stock now has resistance level at 1700 and support level at 1640. In short term it is expected to consolidate with negative biasness and may test its support level.
Resistance2- 1780.55, Resistance1- 1757.3, Pivot Point 1738.65,
Support1- 1715.4, Support2- 1696.75
TATA MOTORS
In today's trading session, the stock breaches its support level and made a low of 921.30. The stock was down by more than 2.95%.It now has resistance level at 932 and support level at 921.One may hold short position in it till it crosses its resistance level upside.
Resistance2- 969.33, Resistance1- 962.87, Pivot Point 956.43,
Support1- 949.97, Support2- 943.53
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