Mahindra and Mahindra (M&M)
The stock had shown steep down rally due to lower than expected quarterly results announced. Now the stock is facing psychological support zone of 750, and may take resistance from the levels of 795. It is expected to continue negative biasness in short term.
Resistance2- 811.6, Resistance1- 786.05, Support1- 743.75, Support2- 727
RELIANCE COMMUNICATION
Today Reliance Communication has managed to take support at the levels of 77 after trading with the negative biasness with a downside movement. It is now facing resistance at levels of 87. One can wait for some consolidation or if it manages to trade with the negative biasness it may breach the support and move further downward.
Resistance2- 84.6, Resistance1- 81, Support1- 75.4, Support2- 73.4
CIPLA
The stock today had an upward movement. Its next resistance is at 310, if it manages to sustain, crossing of this level may take the stock further upwards till the levels of 316-318 in coming trading sessions.
Resistance2- 317.95, Resistance1- 312.1, Support1- 296.9, Support2- 287.55
STATE BANK OF INDIA
Tata steel trades with negative biasness and continue its bearish trend. Now it has resistance level at 470 and support level at 455. In near term further selling pressure can be expected in the stock below support level.
Resistance2- 1782.3, Resistance1- 1755.5, Support1- 1710.1, Support2- 1691.5
The stock had shown steep down rally due to lower than expected quarterly results announced. Now the stock is facing psychological support zone of 750, and may take resistance from the levels of 795. It is expected to continue negative biasness in short term.
Resistance2- 811.6, Resistance1- 786.05, Support1- 743.75, Support2- 727
RELIANCE COMMUNICATION
Today Reliance Communication has managed to take support at the levels of 77 after trading with the negative biasness with a downside movement. It is now facing resistance at levels of 87. One can wait for some consolidation or if it manages to trade with the negative biasness it may breach the support and move further downward.
Resistance2- 84.6, Resistance1- 81, Support1- 75.4, Support2- 73.4
CIPLA
The stock today had an upward movement. Its next resistance is at 310, if it manages to sustain, crossing of this level may take the stock further upwards till the levels of 316-318 in coming trading sessions.
Resistance2- 317.95, Resistance1- 312.1, Support1- 296.9, Support2- 287.55
STATE BANK OF INDIA
Tata steel trades with negative biasness and continue its bearish trend. Now it has resistance level at 470 and support level at 455. In near term further selling pressure can be expected in the stock below support level.
Resistance2- 1782.3, Resistance1- 1755.5, Support1- 1710.1, Support2- 1691.5
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