Showing posts with label Free Nifty Tips. Show all posts
Showing posts with label Free Nifty Tips. Show all posts
Nifty Intraday Updates for Today
[9:43 AM | 0 comments ]
Labels: , , ,

Nifty Prediction
Markets are likely to trade on a weak note and Nifty is consolidating in 5,400-5,300 zone, volatility is expected to be seen in this zone. Trend deciding level is around 5,352 levels. If Nifty shows strength above 5,352 levels, then rally towards 5,400/5,452/5,500 is likely to be seen. If Nifty does not show strength above 5,352 levels then selling pressure till 5,300/5,252/5,200 can also be seen.




Nifty Intraday Trend for Today
[12:08 PM | 0 comments ]
Labels: , ,

Nifty Trend
Yesterday, Nifty Futures closed with a long black candlestick pattern, after a hanging man candlestick pattern. This indicates reversal in trend. The immediate support in nifty is at 5074 levels, after breaking this level it can slide towards 5028 levels.


Nifty Intraday Tips
[11:57 AM | 0 comments ]
Labels: , , ,

Nifty for Today- Thursday 4th August 2011

Today the benchmark Nifty is quite volatile as it has maintained a positive trend since opening. The 30-share BSE Sensex is trading at 17,980 which is up by 40 points and the 50-share NSE Nifty rose just 12 points to 5,417. Heavyweights like SBI, Infosys, HDFC and ICICI Bank gained around 1%. TCS, ONGC, HDFC Bank, HUL and Wipro are marginally in green.

Intraday Tips
[1:03 AM | 0 comments ]
Labels: , , , , , , ,

Stock Tips for Today- Technical Outlook Friday 22nd July
HERO HONDA
The stock was consolidating during the earlier trading hour and then moved up as its results were declared during the later trading hour. The stock is now facing resistance at 1810 and has support at 1745. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.
Resistance2-  1826.83,  Resistance1-  1791.87,  Pivot Point  1770.93,
Support1-  1735.97,  Support2- 1715.03

SIEMENS INDIA
The stock remain positive all through the trading session and made a high of 920.95.It now has resistance level at 930 and support level at 915. In short term it is expected to consolidate with positive biasness and test its resistance level. One may go for the long position above its resistance level.
Resistance2-  930.08,  Resistance1-  923.32,  Pivot Point  914.18,
Support1-  907.42,  Support2-  898.28

TATA MOTORS
In today's trading session, the stock consolidates with positive biasness to show some correction. It now has resistance level at 987 and support level at 964. It is expected to consolidate with negative biasness in upcoming session. One may hold short position in it till it breaks its resistance level of 987.
Resistance2-  1007.75,  Resistance1-  988.3,  Pivot Point  976.2,
Support1-  956.75,  Support2-  944.65

RELIANCE COMMUNICATION
The stock had been consolidating with negative bias and in today's trading session it battered down to the level of 89.65, from this level further downside of movement would be expected. It is now taking support at 88 and resistance at 95. It is looking weak on charts; one can go for short position in it at 88 for the target of 80.
Resistance2-  97.98,  Resistance1-  96.22,  Pivot Point  95.23,
Support1-  93.47,  Support2-  92.48

IDFC
IDFC continued correction in today's trading session also and made intraday low of 136.05. The stock has resistance level at 140 and support level at 134. In short term it is expected to consolidated with negative biasness and may test its resistance level.
Resistance2-  145.98,  Resistance1-  143.17,  Pivot Point  141.33,
Support1-  138.52,  Support2-  136.68

Stock Intraday Tips for Tomorrow- Technical Outlook Thursday 21st July
[10:26 PM | 0 comments ]
Labels: , , , , , , ,

DLF
The stock had an either side movement this week. One should wait for crossing of levels on either side before taking any positions in it.
Resistance2-  248.55,  Resistance1-  246.35,  Pivot Point  243.7,
Support1-  241.5,  Support2-  238.85
SIEMENS INDIA
The stock remain positive all through the trading session and made a high of 920.95.It now has resistance level at 930 and support level at 915. In short term it is expected to consolidate with positive biasness and test its resistance level. One may go for the long position above its resistance level.
Resistance2-  930.08,  Resistance1-  923.32,  Pivot Point  914.18,
Support1-  907.42,  Support2-  898.28
ITC
ITC crossed its resistance level today and made intraday high of 207.35. The stock may face resistance from the level of 208 and it has support level at 200. In short term is expected to remain range bound.
Resistance2-  209.38,  Resistance1-  207.57,  Pivot Point  205.53,
Support1-  203.72,  Support2-  201.68
WIPRO
In today's trading session, the stock breaches its support level moved downward after the quarter1 result has been announced and made a low of 395. The stock was down by more than 4%. It now has support level at 395 and resistance level at 400. One may hold short position in it till it crosses its resistance level of 400.
Resistance2-  425.62,  Resistance1-  412.28,  Pivot Point  403.67,
Support1-  390.33,  Support2-  381.72
HINDALCO
The stock showed a continuous down move during the trading hour and closed with negative biasness. The trend presently in the stock is sideways. The stock is now facing resistance at 185 and has support at 175. Break of support may take the stock further down.
Resistance2-  189,  Resistance1-  183.9,  Pivot Point  180.8,
Support1-  175.7,  Support2-  172.6

Stock Intraday Tips for Tomorrow- Technical Outlook Wednesday 20th July
[11:05 PM | 0 comments ]
Labels: , , , , , , ,

KOTAK MAHINDRA BANK
KOTAK MAHINDRA BANK bounced back today and made intraday high of 504.90. The stock has support level at 482 and resistance level at 507. It is expected consolidate with positive biasness and crossing of resistance level may take it to higher levels.
Resistance2-  515.8,  Resistance1-  508.25,  Pivot Point  497.35,
Support1-  489.8,  Support2-  478.9
DLF
The stock had an either side movement this week. One should wait for crossing of levels on either side before taking any positions in it.
Resistance2-  247.02,  Resistance1-  243.43,  Pivot Point  236.92,
Support1-  233.33,  Support2-  226.82
CAIRN
The stock is consolidating currently in a range after a bearish trend previously. One should now wait for sometime in the stock as it is expected to consolidate a bit after this downfall.
Resistance2-  326.12,  Resistance1-  323.58,  Pivot Point  319.27,
Support1-  316.73,  Support2-  312.42
TATA MOTORS
In today's trading session, the stock again breaks its support level and made a low of 978. The stock was down by 3% .It now has resistance level at 989 and support level at 978. It is expected to consolidate with positive biasness and to show some correction in short term. One may go for the sell on rise strategy in it till it breaks its resistance level of 989.
Resistance2-  1012.18,  Resistance1-  998.07,   Pivot Point  988.03,
Support1-  973.92,  Support2-  963.88
HERO HONDA
The stock showed a continuous down move during the trading hour and closed on a negative note. The major trend presently in the stock is weak. The stock is now facing resistance at 1840 which is the 50 day moving average of the stock and has support at 1765. As the stock closed on a negative note a further down movement can be seen in the stock once it breaks its support level.
Resistance2-  1836.03,  Resistance1-  1813.92,  Pivot Point  1800.98,
Support1-  1778.87,  Support2-  1765.93 





Share Intraday Tips for Tomorrow- Technical Outlook Tuesday 19th July
[10:44 PM | 0 comments ]
Labels: , , , , , , ,

HINDALCO
The stock showed an up move during the earlier trading hour and then moved down during the later trading hour. The stock is now facing resistance at 183 and has support at 172.As the stock closed on a positive note a further up movement 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-  186.42,  Resistance1-  184.63,  Pivot Point  181.17,
Support1-  179.38,  Support2-  175.92
TATA POWER
In today's trading session, the stock breaks its resistance level and made a high of 1299.90. The stock was up by more than 2.5%.It now has next resistance level at 1308 and support level at 1285. One may hold long position in it till it breaks its support level of 1285.
Resistance2-  1322.2,  Resistance1-  1307.6,  Pivot Point  1285.3,
Support1-  1270.7,  Support2-  1248.4
GAIL INDIA
The stock moved down during the trading hour and closed on a negative note. The major trend presently in the stock is sideways. The stock is now facing resistance at 464 and has support at 450. As the stock closed on a negative note a further down movement can be seen in the stock once it breaks its support level.
Resistance2-  462.77,  Resistance1-  458.88,  Pivot Point  452.02,
Support1-  448.13,  Support2-  441.27
CIPLA
The stock today managed to reach our mentioned levels. Now its next support is at 310, breach of this level may take the stock further down else it may also bounce back.
Resistance2-  328.13,  Resistance1-  322.62,  Pivot Point  318.53,
Support1-  313.02,  Support2-  308.93
NTPC
NTPC had correction in today's trading session and closed with moderate losses. The stock has support level at 182 and resistance level at 190. In short term it is expected to consolidate and remain range bound.
Resistance2-  191.92, Resistance1-  188.93,  Pivot Point  186.72,
Support1-  183.73,  Support2-  181.52 




Share Intraday Tips for Tomorrow- Technical Outlook Thursday 14th July
[10:02 PM | 0 comments ]
Labels: , , , , , , ,

HDFC BANK
The stock showed a continuous up move during the trading hour and closed on a positive note. The stock is now facing resistance at 2533 which is the 50 day moving average of the stock and has support at 2480. As the stock closed with positive biasness a further up movement 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-  2533.12,  Resistance1-  2506.43,  Pivot Point  2483.32,
Support1-  2456.63,  Support2-  2433.52
SESA GOA
It is now taking resistance at 295 and support at 277 from this level either side of movement would be expected. One can go for long position in it at 287 for the target of 300.
Resistance2-  288.03,  Resistance1-  284.47,  Pivot Point  281.23,
Support1-  277.67,  Support2-  274.43
HINDALCO
The stock was consolidating during the trading hour and closed on positive note. The stock is now facing resistance at 183 and has support at 172.As the stock closed on a positive note a further up movement 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-  183.93,  Resistance1-  179.87,  Pivot Point  177.43,
Support1-  173.37,  Support2-  170.93
DR. REDDY LAB
The stock opened gap up and moved down during the trading hour and closed on positive note. The major trend presently in the stock is sideways. The stock is now facing resistance at 1625 and has support at 1565. As the stock closed on positive note a further up movement can be seen in the stock once it breaks its resistance level.
Resistance2-  1565.58,  Resistance1-  1554.22,  Pivot Point  1539.63,
Support1-  1528.27,  Support2-  1513.68

Share Intraday Tips for Tomorrow- Technical Outlook Wednesday 13th July
[9:30 PM | 0 comments ]
Labels: , , , , , , ,

ONGC
After a brief consolidation the stock is showing strength above the level of 285, the stock has shown a sign of improvement with trading above the 10 days and 50 days moving averages. It is now taking resistance at 285 and support at 270. It is looking strong on charts; one can go for long position in it at 285 for the target of 300.
Resistance2-  287.22,  Resistance1-  284.43,  Pivot Point  281.22,
Support1-  278.43,  Support2-  275.22
AXIS BANK
The stock today managed to reach our mentioned levels and then had a recovery. Its next resistance is at 1275, crossing of this level may bring a short term up rally in the stock.
Resistance2-  1288.33,  Resistance1-  1277.37,  Pivot Point  1261.28,
Support1-  1250.32,  Support2-  1234.23
DR. REDDY LAB
The stock showed down movement during the earlier trading hour and then a recovery was seen in the stock during the later trading session and closed on positive note. The major trend presently in the stock is sideways. The stock is now facing resistance at 1565 and has support at 1530. As the stock closed on positive note a further up movement can be seen in the stock once it breaks its resistance level.
Resistance2-  1565.58,  Resistance1-  1554.22,  Pivot Point  1539.63,
Support1-  1528.27,  Support2-  1513.68
DLF
The stock resisted at higher levels and had a downfall in today's trading session. Its next support is at 212.50, breach of this level will take the stock further downwards.
Resistance2-  231.52,  Resistance1-  226.08,  Pivot Point  221.92,
Support1-  216.48,  Support2-  212.32
MAHINDRA & MAHINDRA
The stock is currently moving in a tight range. Its next support is at 698, breach of this level will take the stock further downwards.
Resistance2-  734.12,  Resistance1-  718.73,  Pivot Point  709.42,
Support1-  694.03,  Support2-  684.72



Share Intraday Tips for Tomorrow- Technical Outlook Tuesday 12th July
[9:46 PM | 0 comments ]
Labels: , , , , , , ,

ONGC
After a brief consolidation the stock is showing strength above the level of 282, the stock has shown a sign of improvement with trading above the 10 days and 50 days moving averages. It is now taking resistance at 282 and support at 270. It is looking strong on charts; one can go for long position in it at 282 for the target of 300.
Resistance2-  286.2,  Resistance1-  283.6,  Pivot Point  279.4,
Support1-  276.8,  Support2-  272.6
MAHINDRA & MAHINDRA
M&M consolidated with positive biasness today but traded in tight range. The stock has support level at 708 and resistance level at 740. It is expected to consolidate with positive biasness and may test its resistance level.
Resistance2-  747.12,  Resistance1-  736.93,  Pivot Point  724.62,
Support1-  714.43,  Support2-  702.12
ITC
ITC consolidated with positive biasness in today's trading session but traded in tight range. The stock has resistance level at 205 and it has support level at 199. In short term is expected to remain range bound also crossing of resistance level may take it to higher levels.
Resistance2-  205.6,  Resistance1-  204.1,  Pivot Point  202.3,
Support1-  200.8,  Support2-  199
HINDALCO
The stock opened gap down and moved down further during the trading hour and closed on negative note. The stock is now facing resistance at 187 and has support at 175. As the stock closed on a negative note a further down movement can be seen in the stock. One may go for selling the stock once it breaks its support level.
Resistance2-  190.18,  Resistance1-  185.12,  Pivot Point  181.93,
Support1-  176.87,  Support2-  173.68
AXIS BANK
The stock today managed to breach its support level and had a down rally in today's trading session. One could hold the short positions in the stock as it is expected to move till the levels of 1250-1240 in coming trading sessions.
Resistance2-  1322.62,  Resistance1-  1293.28,  Pivot Point  1276.67,
Support1-  1247.33,  Support2-  1230.72





Nifty for Thursday 16th June 2011
[10:46 PM | 0 comments ]
Labels: , , , , , , ,


For Intraday Trading on Thursday:- Yesterday Nifty showed selling pressure from resistance near 5,500 levels and closed in red. RBI monetary policy on Thursday play role sentiment preparation. Sentiments may remain weak below 5,500 and some selling pressure can be seen. If Nifty shows strength above 5450 levels, then rally to 5,500/5,540/5,570 levels may be seen. If Nifty does not show strength above 5,450 levels then selling pressure till 5,400/5,350/5,300 may also be seen.

Share Tips for Tomorrow- Technical Overview Tuesday 14 June 2011
[10:19 PM | 0 comments ]
Labels: , , , , , , ,

JAIPRAKASH ASSOCIATES
JP ASSOCIATES showed positive movements in today's trading session and made an intraday high of 84.65. The stock has resistance level at 85 and support level at 79. In short term it is expected to consolidate with positive biasness and to test its resistance level.
Resistance2-  87.17,  Resistance1-  85.68,  Pivot Point  83.17,
Support1-  81.68,  Support2-  79.17
CIPLA
The stock is currently moving in an up rally after crossing its resistance level. One could still hold the long positions in the stock as it is expected to move till the levels of 341-345 in coming trading sessions.
Resistance2-  348.63,  Resistance1-  344.27,  Pivot Point  337.43,
Support1-  333.07,  Support2-  326.23
NTPC
NTPC showed positive movements in today's trading session and made an intraday high of 181.30. The stock now has support level at 175 and resistance level at 183. In short term it is expected to consolidate with positive biasness.
Resistance2-  184.7,  Resistance1-  182.35,  Pivot Point  178.95, 
Support1-  176.6,  Support2-  173.2
SESA GOA
After making a high of 290.30 it is moving in a downward trend. It is now taking support at 278 and resistance at 289. It is now trading at 281.55, form this level further downside of movement would be expected. One can go for short position in it at 278 for the target of 270.
Resistance2-  286.95,  Resistance1-  284.25,  Pivot Point  282.25, 
Support1-  279.55,  Support2-  277.55
HINDALCO
The stock moved down during the trading hours continuing its major downtrend. The trend presently in the stock is weak. The stock is now facing resistance at 185 which is the 50 day moving average of the stock and has support at 176.One may go for selling the stock once it breaks its support level.
Resistance2-  185.58,  Resistance1-  182.97,  Pivot Point-  181.23
Support1-  178.62,  Support2-  176.88

Share Tips for Tomorrow- Technical Overview Friday 10 June 2011
[9:44 PM | 0 comments ]
Labels: , , , , , , ,


NTPC
NTPC showed positive biasness today and made an intraday high of 176.25. The stock has support level at 172 and resistance level at 178. In short term it is expected to consolidate with positive biasness. Technically above the resistance level it is looking strong.
Resistance2-  178.1, Resistance1-  176.7,  Pivot Point  174.85,
Support1-  173.45,  Support2-  171.6
AXIS
The stock has tried to take resistance at higher levels and is now facing a correction phase. It has next support at 1205; breach of this level will take the stock further downwards.
Resistance2-  1246.15,  Resistance1-  1237.45,  Pivot Point  1227.3,
Support1-  1218.6,  Support2-  1208.45
LARSEN AND TOUBRO
L&T consolidated with negative biasness in today's trading session also and made intraday low of 1693.55. The stock has resistance level at 1768 and support level at 1680. In short term it is expected to consolidate and remain range bound.
Resistance2-  1727.87,  Resistance1-  1715.28,  Pivot Point  1704.42,
Support1-  1691.83,  Support2-  1680.97
JAIPRAKASH ASSOCIATES
JP ASSOCIATES traded in tight range today and closed almost flat. The stock has resistance level at 86 and support level at 81. In short term it is expected to consolidate and remain range bound.
Resistance2-  86.03,  Resistance1-  84.97,  Pivot Point  83.83,
Support1-  82.77,  Support2-  81.63
AMBUJA CEMENT
The stock is currently moving in bullish trend. One could hold the long positions in the stock as it is expected to continue its bullish trend and may move till the levels of 147-150 in coming trading sessions.
Resistance2-  145.47,  Resistance1-  143.13,  Pivot Point  141.22,
Support1-  138.88,  Support2-  136.97

Nifty for Wednesday 8 June 2011
[11:33 PM | 0 comments ]
Labels: , , , , , , , ,


Yesterday, Nifty showed good strength and closed in green. Nifty is likely to open on a flat note. Nifty is trading in 5,380-5,615 zone, until Nifty manages to show strength above 5,615 or below 5,380 levels, volatility and range bound scenario may be continuing. Traders should be cautious within this range. For daily purpose, deciding trend level is 5,550. If Nifty shows strength above 5,550 levels, then rally to 5,615/5,650/5,690 levels may be seen. If Nifty does not show strength above 5,550 levels then selling pressure till 5,520/5,480-5,450 may also be seen.

Nifty for Today Tuesday 7 June 2011
[11:58 PM | 0 comments ]
Labels: , , , , , ,


For intraday trading on Tuesday, Nifty Futures may face immediate resistance at 5550 and a break out will take Nifty Futures to 5580-5615-5650 levels, where as 5520 will act as immediate support and a breach will lead Nifty Futures further down side to 5490-5455-5420 levels. So traders can take long or short positions as per the above levels for the day and Investors should take long positions if Nifty spot trades above 5550 and closing above 5550 or should wait till Nifty Spot comes to 5100-5000 levels to slowly re-enter into markets and should avoid scam related stocks in the near term.

Intraday Tips- Technical Overview Tuesday 7 June 2011
[9:29 PM | 0 comments ]
Labels: , , , , , , , ,


BPCL
The stock is moving in a bearish trend currently. It managed to breach its support level and made a low of 610. Its next support is at 599, breach of which will continue its bearish trend.
Resistance2-  626.28,  Resistance1-  619.17,  Pivot Point  614.58,
Support1-  607.47,  Support2-  602.88
LARSEN AND TOUBRO
L&T showed upside movements in today's trading session also and made an intraday high of 1736.05. The stock now has resistance level at 1767 and support level at 1650. In short term it is expected to remain positive and to test its resistance level.
Resistance1-  1757.93,  Resistance2-  1742.87,  Pivot Point  1720.98,
Support1-  1705.92,  Support2-  1684.03
SESA GOA
After making a high of 294.55 it is continuously moving in a downward trend. It is now taking support at 278 and resistance at 290. It is now trading at 283.05, form this level further downside of movement would be expected, below support level of 278 it might face more selling pressure else above 296 it would be in an upward trend.
Resistance2-  294.17,  Resistance1-  289.73,  Pivot Point  285.42,
Support1-  280.98,  Support2-  276.67
HDFC BANK
The stock opened gap down and was consolidating during the trading hours and ended on a negative note. A further down movement can be seen in the stock once it breaks its support level. The stock is presently facing resistance at 2390 and has support at 2335 which is the 50 day moving average of the stock. One may go for selling the stock once it breaks its support level.
Resistance2-  2416.88,  Resistance1-  2399.07,  Pivot Point  2372.18,
Support1-  2354.37,  Support2-  2327.48
HINDALCO
The stock moved down during the trading hours and ended with a negative biasness. The trend presently in the stock is weak. A further down movement can be seen in the stock once it breaks its support level. The stock is now facing resistance at 192 and has support at 182.One may go for selling the stock once it breaks its support level.
Resistance2-  193.37,  Resistance1-  189.83,  Pivot Point  187.42,
Support1-  183.88,  Support2-  181.47

Intraday Tips- Technical Overview Friday 3 June 2011
[10:32 PM | 0 comments ]
Labels: , , , , , , , ,


BAJAJ AUTO
The stock is currently consolidating in a range. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock while support is at 1280, breach of this level may take it downward.
Resistance2-  1415.5, Resistance1-  1392, Pivot Point  1351.3,
Support1-  1327.8,  Support2-  1287.1
SUN PHARMA
Sun Pharma is looking strong on chart; it is now taking support at 465 and resistance at 481. It is looking bullish in the coming trading session if it manages to trade above the resistance of 481 else below 465 it would be in a downward trend.
Resistance2-  490.6,  Resistance1-  484.55,  Pivot Point  474.85,
Support1-  468.8,  Support2-  459.1
ITC
ITC crosses the resistance level today and made a new high of 197.90. The stock may take resistance from the level of 199 and it support level at 191. It is expected to consolidate with positive biasness in short term.
Resistance2-  200.7,  Resistance1-  198,  Pivot Point  195.2, 
Support1-  192.5,  Support2-  189.7
ICICI BANK
The stock opened gap down and moved down further during the trading hours. The stock is now facing resistance at 1060 which is 10 day moving average of the stock and has support at 1030. Break of support may take the stock further down. One may go for selling the stock once it breaks its support level.
Resistance1-  1070.7,  Resistance2-    1059.8,  Pivot Point  1051.1,
Support1-  1040.2,  Support2-  1031.5
SESA GOA
After making a high of 294.55 it is continuously moving in a downward trend. It is now taking support at 278 and resistance at 290. It is now trading at 283.05, form this level further downside of movement would be expected, below support level of 278 it might face more selling pressure else above 296 it would be in an upward trend.
Resistance2-  292.62,  Resistance1-  287.83,  Pivot Point  284.97,
Support1  280.18,  Support2-  277.32

Nifty for Thursday 2 June 2011
[11:03 PM | 0 comments ]
Labels: , , , , , ,



A continuation of upside momentum in coming trading session will be seen. On the upside if indices trade above 18,636/5,600 then indices are likely to test 18,786-18,936/5,650 - 5,700 levels. On the downside, 18,513 - 18,330/5,560 - 5,500 may act as support for the day.

Intraday Tips for Thursday 2 June 2011- Technical Overview
[9:50 PM | 0 comments ]
Labels: , , , , , , , ,


RELIANCE COMMUNICATION
After making a high of 79.40 this stock is moving in an upward trend and made a high of 95. It is now taking support at 88 and resistance at 95. It is looking bullish in the coming trading session if it manages to trade the resistance level of 95 else below 88 it might face more selling pressure.
Resistance2-  98.72, Resistance1-  96.33,  Pivot Point  92.72,
Support1-  90.33,  Support2-  86.72
NTPC
NTPC is in negative trend, today it showed sideways movements and closed almost flat. The stock has support level at 165 and resistance level at 173. In short term it is expected to consolidate with negative biasness and to test its support level.
Resistance2-  179.25,  Resistance1-  177.15,  Pivot Point  173.35, 
Support1-  171.25,  Support2-  167.45
AMBUJA CEMENT
The stock is consolidating and tried to take support at lower levels and is now moving in an up rally. Its next resistance is at 140, crossing of which may take the stock further up.
Resistance2-  147.27,  Resistance1-  145.23,  Pivot Point  141.87,
Support1-  139.83,  Support2-  136.47
TATA MOTORS
The stock is currently consolidating. It now has support at 1055, breach of this level may continue its bearish trend else It may also bounce back from lower support levels.
Resistance2-  1105.57,  Resistance1-  1092.73,  Pivot Point  1084.17,
Support1-  1071.33,  Support2-  1062.77
DLF
The stock is moving in an up rally from last a few trading sessions. One should wait for sometime in the stock as it is expected to consolidate a bit after a sharp a continuous up rally.
Resistance2-  244.22,  Resistance1-  240.58,  Pivot Point  236.92,
Support1-  233.28,  Support2-  229.62

Nifty for Today- Wednesday 1 June 2011
[12:11 AM | 0 comments ]
Labels: , , , , , ,


Today markets opened on a positive note tracking gains in the asian space, moved up slowing giving time for all to take positions and from there went up towards the highest point of the day. Nifty breached above the key resistance of 5,524 and moved towards 5571 and closed at 5,560.15. On its journey towards north, it will face resistance at 5,591 and 5,605. Major Support for nifty is at 5,506 and 5,478 levels.