Intraday Tips- Technical Report and Outlook for Thursday 25th August
POWER GRID CORPORATION
The stock has been facing strong support at 98 and it is now trading at 102.05, form this level either side of movement would be expected. In order to be in an upward trend it has to trade and consolidate above the resistance level of 105 else below support level of 98 it would be in a downward trend.
Resistance2- 104.27, Resistance1- 103.33, Pivot Point 101.82,
Support1- 100.88, Support2- 99.37
GRASIM
The stock showed an up movement during the trading hour and closed on positive note. The stock is now facing resistance at 2165 and has support at 2060. As the stock closed with positive biasness a further up move 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- 2184.23, Resistance1- 2158.62, Pivot Point 2127.38,
Support1- 2101.77, Support2- 2070.53
RANBAXY
After making a high of 486.20 it is continuously moving in a downtrend, in today's trading session it manages to hold above the support level of 460 and it is now trading at 469.45. It is looking bearish in the coming trading session if it manages to trade below the support level of 460 else above 487 it would be in an upward trend.
Resistance2- 488.67, Resistance1- 480.33, Pivot Point 471.17,
Support1- 462.83, Support2- 453.67
TATA MOTORS
The stock consolidates with negative biasness, in today's trading session. In upcoming session some correction can be expected. It has next resistance level at 747 and support level at 715.One may go for the long position above its resistance level.
Resistance2- 750.75, Resistance1- 722.95, Pivot Point 709,
Support1- 681.2, Support2- 667.25
MARUTI SUZUKI INDIA
In today's trading session, the stock breaches its support level and made a low of 1097.35. The stock was down by more than 3.77%.In upcoming session some more bearish trend can be expected after a little correction. It has next resistance level at 1157 and support level at 1097.
Resistance2- 1182.83, Resistance1- 1149.42, Pivot Point 1123.38,
Support1- 1089.97, Support2- 1063.93
POWER GRID CORPORATION
The stock has been facing strong support at 98 and it is now trading at 102.05, form this level either side of movement would be expected. In order to be in an upward trend it has to trade and consolidate above the resistance level of 105 else below support level of 98 it would be in a downward trend.
Resistance2- 104.27, Resistance1- 103.33, Pivot Point 101.82,
Support1- 100.88, Support2- 99.37
GRASIM
The stock showed an up movement during the trading hour and closed on positive note. The stock is now facing resistance at 2165 and has support at 2060. As the stock closed with positive biasness a further up move 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- 2184.23, Resistance1- 2158.62, Pivot Point 2127.38,
Support1- 2101.77, Support2- 2070.53
RANBAXY
After making a high of 486.20 it is continuously moving in a downtrend, in today's trading session it manages to hold above the support level of 460 and it is now trading at 469.45. It is looking bearish in the coming trading session if it manages to trade below the support level of 460 else above 487 it would be in an upward trend.
Resistance2- 488.67, Resistance1- 480.33, Pivot Point 471.17,
Support1- 462.83, Support2- 453.67
TATA MOTORS
The stock consolidates with negative biasness, in today's trading session. In upcoming session some correction can be expected. It has next resistance level at 747 and support level at 715.One may go for the long position above its resistance level.
Resistance2- 750.75, Resistance1- 722.95, Pivot Point 709,
Support1- 681.2, Support2- 667.25
MARUTI SUZUKI INDIA
In today's trading session, the stock breaches its support level and made a low of 1097.35. The stock was down by more than 3.77%.In upcoming session some more bearish trend can be expected after a little correction. It has next resistance level at 1157 and support level at 1097.
Resistance2- 1182.83, Resistance1- 1149.42, Pivot Point 1123.38,
Support1- 1089.97, Support2- 1063.93
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