GAIL INDIA
The stock has managed to follow its sideways trend with some consolidation in yesterday’s trading session still facing strong resistance at the levels of 396, increasing the strength of the level. If the stock will manage to trade with the positive biasness in the near term then it may manage to cross the resistance level else it may bounce back.
Resistance: 397.12 - 391.63, Support: 382.83 - 379.52
SUN PHARMACEUTICALS
The stock consolidates with negative biasness in yesterday’s trading session. The overall trend of the stock is sideways so one should wait for consolidation of either side before taking any position in the stock. It now has support level at 506 and resistance level at 518. In near future the stock may recover after crossing the resistance while below support level bearish trend can be expected in the stock.
Resistance: 521.9 - 515.2, Support: 504 - 499.5
RELIANCE INFRASTRUCTURE
The stock remained range bound during the trading hours and ended up on a positive note. The stock is now facing a resistance at 417 and has support at 400. As mentioned previously it has taken support at lower levels and bounced back. The stock is looking bearish on the charts and is consolidating with negative biasness. Breaching of support levels may take stock take stock further downwards.
Resistance: 420.07 - 415.23, Support: 405.28 - 400.17
HINDUSTAN UNILEVER
Yesterday the stock had shown positive biasness managing to trade near its resistance level of 392. It is still trading with the major sideways trend having support at the level of 371. In today's session it is expected to remain positive and consolidate more near its resistance level or may even cross it confirming the bullish trend.
Resistance: 394.57 - 391.28 , Support: 383.38 - 378.77
The stock is currently moving in an up trend. It managed to reach our mentioned levels in today's trading session. Now it has next resistance at 230, if its consolidates for a while crossing of this level may take the stock further upwards else it may also resist at higher levels.
Resistance2- 233.35, Resistance1- 228.9, Pivot Point 221, Support1- 216.55, Support2- 208.65
RANBAXY
The stock was moving in a short term uptrend trend, in today's trading session it was moving sideways and manages to trade and close near to the resistance of 500 . It is looking bullish in the coming trading session if it manages to trade above the resistance level of 500 else below 473 it would be in a downward trend.
Resistance2- 509.1, Resistance1- 501.45, Pivot Point 490.8, Support1- 483.15, Support2- 472.5
GAIL INDIA
The stock showed a continuous up move during the trading hour and closed on positive note. The major trend presently in the stock is weak. The stock is now facing resistance at 420 and has support at 404. As the stock closed with positive biasness a further up movement can be seen in the stock once it breaks its resistance level.
Resistance2- 434.47, Resistance1- 429.03, Pivot Point 419.57, Support1- 414.13, Support2- 404.67
ITC
ITC continued its upside in today's trading session and made intraday high of 197.50. The stock may face resistance from the level of 199 and it has support level at 193. In short term is expected to consolidate with positive biasness and may test its resistance level.
Resistance2- 200.53, Resistance1- 198.82, Pivot Point 195.78, Support1- 194.07, Support2- 191.03
RELIANCE CAPITAL
After a volatile trading session the stock closed in red and it battered down to the level of 366.30, it is now trading at 368.95. The closed near to the support level of 365 with high volume which shows bears are taking control and the stock may decline in the coming trading session.
Resistance2- 412.12, Resistance1- 390.53, Pivot Point 378.42, Support1- 356.83, Support2- 344.72
Free Intraday Tips, Stock Intraday Tips, Share Tips for Tomorrow, Intraday Tips, Nifty Prediction, Stock Tips for Tomorrow, Intraday Calls, Nifty Prediction
The stock has tried to take support at major support level and recovered a bit. If it consolidates for a while then crossing of resistance level may take the stock further upwards.
Resistance2- 227.17, Resistance1- 222.08, Pivot Point 213.82, Support1- 208.73, Support2- 200.47
TATA MOTORS
In today's trading session, the stock remains positive to show some recovery and made a high of 157.It now has next resistance level at 158 and support level at 154.In upcoming session some more recovery can be expected.
Resistance2- 161.15, Resistance1- 158.9, Pivot Point 154.75, Support1- 152.5, Support2- 148.35
JAIPRAKASH ASSOCIATES
JPASSOCIATES had shown positive movements in today's trading session and closed with the gain of around 6.06%. The stock now has resistance level at 75 and may take support from the level of 71. In short term it is expected to consolidate and remain range bound, it may also test its resistance level.
Resistance2- 76.3, Resistance1- 74.85, Pivot Point 72.8, Support1- 71.35, Support2- 69.3
CIPLA
The stock had continued to consolidate. It now has support at 272; breach of this level will continue its bearish trend while it has resistance at 288, crossing of this level may bring some recovery in the stock in short term.
Resistance2- 292.13, Resistance1- 288.87, Pivot Point 286.73, Support1- 283.47, Support2- 281.33
BHARAT PETROLEUM CORPORATION
The stock is currently being very volatile in terms of price movements. Its major resistance is at 700 and support at 648, one should wait for sometime as it is expected to be in a range.
Resistance2- 665.5, Resistance1- 661, Pivot Point 657.5, Support1- 653, Support2- 649.5
AMBHUJA CEMENT
The stock moved with positive biasness and had an up rally last week. It now has resistance at 140.50 and support at 130. One should now wait for sometime in the stock.
Resistance2- 146.3, Resistance1- 142.8 , pivot Point 136.95, Support1- 133.45, Support2- 127.6
RELIANCE INDUSTRIES
The stock was consolidating in a range of 775-800, in today's trading session it broke the resistance level of 799 and made a high of 825.50, it is now trading at 805.45. In order to be in an upward trend it has to trade and consolidate above the next resistance level of 838 else below 775 it might face more selling pressure.
Resistance2- 856.83, Resistance1- 839.17, pivot Point 807.83, Support1- 790.17, Support2- 758.83
SUN PHARMA
In trading session, the stock consolidates with positive biasness. In upcoming session some more bullish trend can be expected, if it able to sustain above its resistance level. It now has next resistance level at 511 and support level at 498.One may hold long position in it till it crosses its support level downsides.
Resistance2- 512.68, Resistance1- 502.27, pivot Point 494.33, Support1- 483.92, Support2- 475.98
MAHINDRA & MAHINDRA
M&M had upside trading session today and it made intraday high of 800. The stock now has support level at 765 and resistance level at 802. It is expected to continue its positive biasness in short term, and crossing of resistance level may take it to higher levels.
Resistance2- 824.87, Resistance1- 811.08, pivot Point 786.22, Support1- 772.43, Support2- 747.57
DLF
The stock has tried to reverse taking support at lower levels. Its next major resistance is at 214, if it consolidates for a while then crossing of this level will take the stock further upwards.
Resistance2- 211.17, Resistance1- 204.93, pivot Point 199.77, Support1- 193.53, Support2- 188.37
RELIANCE INFRA
The stock managed to cross its resistance level and had an up rally in today's trading session. Its next resistance is at 495, one may hold the long positions in the stock as it is expected to test its resistance level in coming trading session.
Resistance2- 503.43, Resistance1- 488.02, Pivot Point 465.58, Support1- 450.17, Support2- 427.73
RELIANCE CAPITAL
The stock closed positive and it is showing gaining momentum with trading above 10 period and 50 period moving averages with high volume, it is now trading at 429.55. It is looking bullish in the coming trading session; one can go long position in it at 437 for the target of 455.
Resistance2- 455.8, Resistance1- 441.6, Pivot Point 419.3, Support1- 405.1, Support2- 382.8
JAIPRAKASH ASSOCIATES
JP ASSOCIATES showed upside movements in today's trading session and made intraday high of 64.90. The stock now has resistance level at 66 and may take support from the level of 61. In short term it is expected to remain volatile, also crossing of resistance level may take the stock at higher levels.
Resistance2- 67.68, Resistance1- 66.17, Pivot Point 63.38, Support1- 61.87, Support2- 59.08
HERO MOTOCORP
The stock showed a continuous up move during the week and close on positive note. The stock is trading at its all time high and has support at 2130. As the stock closed on positive note a further up movement can be seen in the stock once it breaks its resistance. One may go for buying the stock once it breaks its resistance level.
Resistance2- 2287.1, Resistance1- 2236.2, Pivot Point 2142.1, Support1- 2091.2, Support2- 1997.1
WIPRO
In today's trading session, the stock breaches its support level and made a low of 320.The major trend in the stock is sideways. In upcoming session it is expected to test its support level again .It now has next support level at 320 and resistance level at 334.
Resistance2- 337.92, Resistance1- 329.23, Pivot Point 324.62, Support1- 315.93, Support2- 311.32
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.
TATA MOTORS
In today's trading session, the stock moved upward to show some correction and made a high of 849.40. It had successfully taken support from its lower level and moved upward from it. It now has resistance level at 853 and support level at 838.One may go for the long position above its resistance level.
Resistance2- 869.45, Resistance1- 856.1, Pivot Point 836.05,
Support1- 822.7, Support2- 802.65
MARUTI SUZUKI INDIA
In today's trading session, the stock crosses its resistance level and made a high of 1283.50.The stock was up by more than 5.5 %. The stock has resistance level at 1287 and support level at 1252. In short term it is expected to show some correction.
Resistance2- 1328.6, Resistance1- 1306, Pivot Point 1260.8,
Support1- 1238.2, Support2- 1193
HINDALCO
The stock was consolidating during the trading hour and closed on a positive note. The trend presently in the stock is weak. The stock is now facing resistance at 157 which is the 50 day moving average of the stock and has support at 150. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.
Resistance2- 160.83, Resistance1- 158.37, Pivot Point 154.83,
Support1- 152.37, Support2- 148.83
ONGC
The stock has managed to trade below the support level of 278 and it is now trading at 279.50. It is now taking resistance at 291 and support at 277. It is looking weak on charts; one can go for short position in it at 277 for the target of 260.
Resistance2- 293.83, Resistance1- 286.42, Pivot Point 281.98,
Support1- 274.57, Support2- 270.13
ITC
The stock is facing either side movement currently. The stock may face resistance from the level of 206 and it has support level at 194. In short term is expected to consolidate and remain range bound. Crossing of resistance level may take the stock at higher levels.
Resistance2- 205.3, Resistance1- 200.9, Pivot Point 198.45,
Support1- 194.05, Support2- 191.6
AMBHUJA CEMENT
The stock has tried to take support at lower levels and had an up rally in today's trading session. It has resistance at 135 and support at 120. One should now wait for crossing of levels on either side before taking any positions in it.
Resistance2- 134.5, Resistance1- 129.7, Pivot Point 124.9,
Support1- 120.1, Support2- 115.3
GRASIM
The stock was consolidating during the trading hour and then moved up and closed on a positive note. The stock is now facing resistance at 2200 and has support at 2120. 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- 2178.23, Resistance1- 2136.57, Pivot Point 2075.78,
Support1- 2034.12, Support2- 1973.33
MAHINDRA & MAHINDRA
M&M had recovery session today also and made intraday high of 700. The stock now has support level at 680 and resistance level at 710. It is expected to consolidate to remain volatile in short term and may test its resistance level.
Resistance2- 707.55, Resistance1- 687.9, Pivot Point 660.25, Support1- 640.6, Support2- 612.95
TATA MOTORS
In today's trading session, the stock again moved downward and made a low of 784.05. The stock was down by more than 4 %. It now has resistance level at 821 and support level at 784.One may hold short position in it till it crosses its resistance level upside.
Resistance2- 889.4, Resistance1- 858.55, Pivot Point 841.15,
Support1- 810.3, Support2- 792.9
TATA STEEL
In today's trading session, the stock again moved downward and made a low of 477.75. The stock was down by more than 4.70 %. It now has next support level at 477 and resistance level at 505. One may hold short position in it till it crosses its resistance level upside.
Resistance2- 527.57, Resistance1- 518.33, Pivot Point 510.67, Support1- 501.43, Support2- 493.77
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
NTPC
NTPC bounced back from the lower levels today and made intraday high of 181.70. The stock has support level at 175 and resistance level at 182. In short term it is expected to consolidate with positive biasness and crossing of resistance level may take the stock at higher levels.
Resistance2- 185.2, Resistance1- 183.1, Pivot Point 179.6,
Support1- 177.5, Support2- 174
CIPLA
The stock had a bearish trend throughout the last week. one should now wait for sometime in the stock as it is expected to consolidate a bit after a continuous fall.
Resistance2- 320.85, Resistance1- 317.2, Pivot Point 311.35,
Support1- 307.7, Support2- 301.85
ONGC
The stock in today's trading session manages to trade near to the resistance level of 278; from this level further upside of movement would be expected. It is now taking resistance at 278 and support at 270. It is looking strong on charts; one can go for long position in it at 278 for the target of 290.
Resistance2- 281.08, Resistance1- 278.77, Pivot Point 275.18,
Support1- 272.87, Support2- 269.28
JAIPRAKASH ASSOCIATES
The stock is consolidating currently after sharp downfall last week. The stock has resistance level at 69 and support level at 65. In short term it is expected to consolidate with negative biasness in short term, also if it continue to sustain above the support level a bounce back can be seen in it.
Resistance2- 68.77, Resistance1- 66.63, Pivot Point 65.32,
Support1- 63.18, Support2- 61.87
SESA GOA
The stock has manages to trade and close below the 10 days and 50 days moving averages, from this level further downside of movement would be expected. One can go for short position in it at 259 for the target of 250.
Resistance2- 296.02, Resistance1- 292.38, Pivot Point 285.27,
Support1- 281.63, Support2- 274.52.
RANBAXY
Ranbaxy had been consolidating in a particular price range of 530-550 and it is now trading at 561.45, in today's trading session it manages to trade above the major resistance level of 357. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 557 else below 537 it would be in a downward trend.
Resistance2- 554.02, Resistance1- 546.23, Pivot Point 539.12,
Support1- 531.33, Support2- 524.22
IDFC
IDFC is currently moving in sideways trend. The stock now has resistance level at 132 and support level at 121. In short term it is expected to consolidate with negative biasness
Resistance2- 140.85, Resistance1- 137.4, Pivot Point 134.25,
Support1- 130.8, Support2- 127.65
LARSEN & TURBO
The stock is consolidating currently after showing downtrend previously. The stock has resistance level at 1755 and support level at 1700. In short term it is expected to continue its consolidation.
Resistance2- 1823.73, Resistance1- 1791.87, Pivot Point 1763.48,
Support1- 1731.62, Support2- 1703.23
RELIANCE CAPITAL
The stock closed negative and it is showing losing momentum with trading below its moving averages and it is now trading at 553.40. It is looking bearish in the coming trading session; one can go short position in it at 547 for the target of 530.
Resistance2- 602.9, Resistance1- 596.2, Pivot Point 588.65,
Support1- 581.95, Support2- 574.4
SESA GOA
The stock has manages to closed near to the support level of 264 from this level further downside of movement would be expected. One can go for short position in it at 264 for the target of 250.
Resistance2- 296.02, Resistance1- 292.38, Pivot Point 285.27,
Support1- 281.63, Support2- 274.52
POWER GRID CORPORATION
ONGC was moving sideways and in today's trading it closed near to the resistance level of 110; from this level further upside of movement would be expected. It is now taking resistance at 110 above this level it would be in an upward trend else below support level of 107 it might face more selling pressure.
Resistance2- 111.3, Resistance1- 110.15, Pivot Point 108.7,
Support1- 107.55, Support2- 106.1
RELIANCE POWER
RPOWER is moving short term uptrend and in today's trading session it was moving sideways, from this level either side of movement would be expected. It is now taking support at 116 below this level it would be in a downward trend.
Resistance2- 121.07, Resistance1- 118.93, Pivot Point 117.77,
Support1- 115.63, Support2- 114.47
WIPRO
The stock remains volatile in today's trading session and closed almost flat. In upcoming session upward movement can be expected. It now has support level at 405 and resistance level at 413. One may hold long position in it till it breaks its support level of 405.
Resistance2- 416.32, Resistance1- 413.18, Pivot Point 409.17,
Support1- 406.03, Support2- 402.02
IDFC
IDFC has taken resistance from higher levels today and showed steep fall making intraday low of 133.30. The stock has resistance level at 146 and support level at 131. In short term it is expected to consolidated and remain range bound.
Resistance2- 148.5, Resistance1- 141.7, Pivot Point 137.65,
Support1- 130.85, Support2- 126.8
MAHINDRA & MAHINDRA
M&M showed negative side movements in today's trading session and made intraday low of 713.45. The stock now has support level at 710 and resistance level at 740. It is expected to consolidate and remain range bound in short term.
Resistance2- 767.27, Resistance1- 741.08, Pivot Point 727.27,
Support1- 701.08, Support2- 687.27
RELIANCE COMMUNICATION
The stock had been moving in an upward trend and in today's trading session it was up by 15.12 %. It is now taking support at 89 and resistance at 109. It is looking strong on charts; one can go for long position in it at 109 for the target of 120.
Resistance2- 118.45, Resistance1- 113.5, Pivot Point 103.75,
Support1- 98.8, Support2- 89.05
BHARTI AIRTEL
The stock is currently moving in an up trend. Its next resistance is at 439, crossing of this level may take the stock further upwards while it may also resist at higher levels and reverse back.
Resistance2- 455.67, Resistance1- 444.48, Pivot Point 427.02,
Support1- 415.83, Support2- 398.37
MAHINDRA & MAHINDRA
M&M showed upside movements in today trading session and after crossing of resistance level it made intraday high of 753. The stock now has support level at 718 and resistance level at 765. It is expected to consolidate with positive biasness in short term.
Resistance2- 772.67, Resistance1- 760.33, Pivot Point 740.67,
Support1- 728.33, Support2- 708.67
SESA GOA
The stock has manages to closed near to the support level of 280 from this level further downside of movement would be expected. One can go for short position in it at 280 for the target of 265.
Resistance2- 291.08, Resistance1- 286.32, Pivot Point 282.83,
Support1- 278.07, Support2- 274.58
CIPLA
The stock had consolidation in today's trading session. Now its next support is at 310, breach of this level may take the stock further down else it may also bounce back.
Resistance2- 327.12, Resistance1- 322.23, Pivot Point 318.62,
Support1- 313.73, Support2- 310.12
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
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
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
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