Intraday Tips- Technical Report and Outlook for Tuesday 30th August
RELIANCE CAPITAL
The stock closed positive and it is showing gaining momentum with trading above 10 and 50 period moving averages with high volume, it is now trading at 377.25. It is looking bullish in the coming trading session; one can go long position in it at 400 for the target of 425.
Resistance2- 416.77, Resistance1- 402.88, Pivot Point 376.12,
Support1- 362.23, Support2- 335.47
RELIANCE POWER
The stock had been moving in long term downtrend and in today's trading session it made a high of 84.55; from this level further upside of movement would be expected. One can go for long position in it at 85 for the target of 90.
Resistance2- 88.3, Resistance1- 85.9, Pivot Point 82.2,
Support1- 79.8, Support2- 76.1
JINDAL STEEL & POWER
The stock showed a continuous up move during the trading hour and closed on positive note. The stock has now resistance level at 510 and has support at 480. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.
Resistance2- 531, Resistance1- 511.2, Pivot Point 489.1,
Support1- 469.3, Support2- 447.2
ONGC
In the last few trading session, the stock has been moving sideways and it is now trading at 274.95. However, sustenance below 274 may result into breaks of 267 and below that we may expect even 250 in the near term. Trade short below 267.
Resistance2- 285.2, Resistance1- 279.6, Pivot Point 276.6,
Support1- 271, Support2- 268
MARUTI SUZUKI INDIA
In today's trading session, the stock consolidates with positive biasness to show some correction after the sharp down trend. In upcoming session some more bearish trend can be expected after some more correction. It has next resistance level at 1130 and support level at 1097.
Resistance2- 1132.33, Resistance1- 1106.67, Pivot Point 1081.33,
Support1- 1055.67, Support2- 1030.33.
The stock closed positive and it is showing gaining momentum with trading above 10 and 50 period moving averages with high volume, it is now trading at 377.25. It is looking bullish in the coming trading session; one can go long position in it at 400 for the target of 425.
Resistance2- 416.77, Resistance1- 402.88, Pivot Point 376.12,
Support1- 362.23, Support2- 335.47
RELIANCE POWER
The stock had been moving in long term downtrend and in today's trading session it made a high of 84.55; from this level further upside of movement would be expected. One can go for long position in it at 85 for the target of 90.
Resistance2- 88.3, Resistance1- 85.9, Pivot Point 82.2,
Support1- 79.8, Support2- 76.1
JINDAL STEEL & POWER
The stock showed a continuous up move during the trading hour and closed on positive note. The stock has now resistance level at 510 and has support at 480. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.
Resistance2- 531, Resistance1- 511.2, Pivot Point 489.1,
Support1- 469.3, Support2- 447.2
ONGC
In the last few trading session, the stock has been moving sideways and it is now trading at 274.95. However, sustenance below 274 may result into breaks of 267 and below that we may expect even 250 in the near term. Trade short below 267.
Resistance2- 285.2, Resistance1- 279.6, Pivot Point 276.6,
Support1- 271, Support2- 268
MARUTI SUZUKI INDIA
In today's trading session, the stock consolidates with positive biasness to show some correction after the sharp down trend. In upcoming session some more bearish trend can be expected after some more correction. It has next resistance level at 1130 and support level at 1097.
Resistance2- 1132.33, Resistance1- 1106.67, Pivot Point 1081.33,
Support1- 1055.67, Support2- 1030.33.
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