RELIANCE CAPITAL
Reliance capital has closed above the resistance level of 595 and looks positive for the short term perspective. It has next resistance at 613 and support at 580. It is looking positive in the coming trading session; one can go for long position in it at 615 for the target of 650.
Resistance2-  631.87,  Resistance1-  619.53,  Pivot Point  600.67,
Support1-  588.33,  Support2-  569.47 
HDFC BANK
The stock showed an up movement during the trading hour and marked a high of 2552 and closed with positive biasness. The stock is now facing resistance at 2552 and has support at 2500. As the stock closed with positive biasness a further up movement can be seen in the stock once it breaks its resistance level.
Resistance2-  2573.4,  Resistance1-  2557.3,  Pivot Point  2535.9,
Support1-  2519.8,  Support2-  2498.4
MAHINDRA & MAHINDRA
M&M made an intraday high of 722.80 after crossing its resistance level. The stock now has support level at 698 and resistance level at 725. It is expected to consolidate with positive biasness and may test its resistance level.
Resistance2-  736.13,  Resistance1-  729.07,  Pivot Point  715.73,
Support1-  708.67,  Support2-  695.33
IDFC
IDFC showed negative biasness in today's trading session and it traded in tight range. The stock has resistance level at 141 and support level at 132. In short term it is expected to consolidated with positive biasness and crossing of resistance level may take the stock to the higher levels.
Resistance2-  139.73,  Resistance1-  137.92,  Pivot Point  136.13,
Support1-  134.32,  Support2-  132.53
HINDALCO
The stock moved down during the trading hour and ended on a negative note. The stock is now facing resistance at 192 and has support at 182. 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-  194.27,  Resistance1-  190.33,  Pivot Point  187.67,
Support1-  183.73,  Support2-  181.07

JAIPRAKASH ASSOCIATES
JP ASSOCIATES showed upside movements in today's trading session and made intraday high of 81.30. The stock has resistance level at 82 and support level at 76. In short term it is expected to consolidate and also crossing of resistance level may take the stock at higher levels.
Resistance2-  83.28,  Resistance1-  82.12,  Pivot Point  80.13, 
Support1-  78.97,  Support2-  76.98
KOTAK MAHINDRA BANK
KOTAK MAHINDRA BANK had an up rally in today's trading session and managed to cross its resistance level. One could still hold the long positions in the stock as it is expected to continue its bullish trend.
Resistance2-  496.42,  Resistance1-  487.88,  Pivot Point  474.97,
Support1-  466.43,  Support2-  453.52
JINDAL STEEL & POWER
JINDAL STEEL AND POWER showed upside movement today and made intraday high of 659.90. The stock has resistance level at 663 and support level at 635. It is expected to show volatile movements in short term.
Resistance2-  675.25,  Resistance1-  663.75,  Pivot Point  648.4,
Support1-  636.9, Support2-  621.55
SESA GOA
The stock has corrected in today's trading session and made a low of 280. It is looking weak on chart from this level further downside of movement would be expected. It is now taking support at 279 and resistance 293. One can go for short position in at 279 for the target of 270.
Resistance2-  294.28,  Resistance1-  288.17,  Pivot Point  284.18,
Support1-  278.07,  Support2-  274.08
MARUTI SUZUKI INDIA
MARUTI is currently moving in a sideways trend. The stock has resistance level at 1177 and support level at 1140. In short term it is expected to consolidate and remain range bound.
Resistance2-  1199.6,  Resistance1-  1179.75,  Pivot Point  1166.9,
Support1-  1147.05,  Support2-  1134.2

In banking, CNX Bank Index lost -9.39 points or -0.05 %. Amongst the banking stocks State Bank of India, United Bank of India and Kotak Mahindra Bank leads.Bank Nifty Futures shut at 10788.45 and was down by -11 points or -0.10 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10850 else below support level of 10720 it would be in a downward trend.
It has resistance close to the level of 10850 above this level the next resistance near to the level of 10990. It has support close to the level of 10720 & below this level the next support near 10620 marks.

In banking, CNX Bank Index lost -82 points or -0.18 %. Among the banking stocks Union Bank of India, Dena Bank and Oriental Bank of Commerce lead.Bank Nifty Futures shut stop at 10810 down by -70.10 points or -0.64 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10925 else below support level of 10750 it would be in a downward trend.
It has resistance close to the level of 10925 above this level the next resistance near to the level of 10990. It has support close to the level of 10750 & below this level the next support near 10620 marks.

TCS
TCS showed sideways movements today. Now the stock has resistance level at 1180 and support level at 1134. Its trend is looking weak in short term; one may go for sell on rise strategy, until it crosses the level of 1180 on upside.
Resistance2-  1251.87,  Resistance1-  1235.28,  Pivot Point  1207.42,  Support1-  1190.83,  Support2-  1162.97
TATA STEEL
TATA Steel continued its correction in today's trading session and made an intraday low of 605. Now the stock has resistance at the level of 623 and support level at 599. In short term it is expected to consolidate with negative biasness.
Resistance2-  632.97,  Resistance1-  628.73,  Pivot Point 622.27,  Support1-  618.03,  Support2-  611.57
GRASIM
GRASIM today recovered from the lower levels and then consolidated. Now the stock has resistance level of 2433 and support level at 2370. It is expected to show consolidation in near term, also if it sustain above resistance level further recovery can be seen.
Resistance2-  2464.12,  Resistance1-  2440.38,  Pivot Point  2405.97,  Support1-  2382.23,  Support2-  2347.82
SESA GOA
The stock had a correction rally in today's trading session, one could go for sell on rise strategy in the stock as it is expected to have a weak trend and may move till the levels of 300-295 in coming trading sessions.
Resistance2-  316.25,  Resistance1-  312.35,  Pivot Point  308.05,  Support1-  304.15,  Support2-  299.85
STERLITE INDUSTRIES
The stock has managed to cross its resistance level and moved in an up rally, its next resistance at 179, crossing of this level may take the stock further upwards while has support at 169, breach of this will bring the stock downward.
Resistance2-  177.25,  Resistance1-  176,  Pivot Point  173.85,  Support1-  172.6,  Support2-  170.45

Bhushan Steel Ltd.
Buy Bhushan Steels Above 520.90
Target- 525.60-530
Stop Loss-513.20
Below 517.85 go for sell
Target- 512-508

Hindalco Industries Ltd.
Buy Hindalco around 212.50 -215
Target- 218-220
Stop Loss- 207.85
Below 212 Go for sell
Target- 209-207
Stop Loss-218

Unitech
Sell Unitech below 40.15
Target- 39.55-39.15-38.75
Stop Loss- 41.20
Around 41.30 Go for Buy
Target- 42-42.50

 

AMBHUJA CEMENT
The stock is being consolidating at higher levels with positive biasness. It faces major resistance at 155.50, crossing of this level may continue its bullish trend while has support at 144, breach of this level will bring downward movement in the stock.
Resistance2-  153.33,  Resistance1-  151.92,  Pivot Point  150.48,  Support1-  149.07,  Support2-  147.63
BHEL
The stock today managed to breach its support level and had a correction as expected in today's trading session. It now has next support at 2100, breach of this level will move the stock further downward else it may also bounce back.
Resistance2-  2214.77,  Resistance1-  2173.33,  Pivot Point  2141.82,  Support1-  2100.38,  Support2-  2068.87
CAIRN
The stock had a sharp recovery from lower levels in today's trading session. It now has resistance at 350, crossing of this level will bring upward movement in the stock.
Resistance2-  355.33,   Resistance1-  349.97,   Pivot Point   341.48,   Support1-  336.12,  Support2-  327.63
DR.REDDY LAB
The stock was not able to sustain at higher level and moved down during its trading hours. The stock is presently facing resistance at 1678 and has support at 1600. Break of support may take the stock further down. The stock is close to its support and one can go for selling the stock once it breaks its support.
Resistance2-  1660.12,  Resistance1-  1641.53,  Pivot Point  1630.77,  Support1-  1612.18,  Support2-  1601.42
HDFC BANK
After giving a gap up opening the stock was found to be consolidating during its trading hours and no major movement was seen in the stock. The stock is facing resistance at 2400 and has support at 2320. Break of resistance may take the stock further up and one may take a buy position in the stock above its resistance.
Resistance2-  2377.43,  Resistance1-  2361.72,  Pivot Point  2343.08,  Support1-  2327.37,  Support2-  2308.73

WIPRO
WIPRO continued its downside movement today also and made an intraday low of 444. The major trend for the stock is looking weak on the charts and it is
expected to consolidate with negative biasness in shor term.
Resistance2-  480.6,  Resistance1-  465.2,  Pivot Point  456.6,  Support1-  441.2,  Support2-  432.6
TCS
TCS sustained below the support level and made an intraday low of 1140. Now the stock has resistance level at 1200 and support level at 1128. Its trend is looking weak in short term; one may go for sell on rise strategy, until it crosses the level of 1172 on upside.
Resistance2-  1237,  Resistance1-  1214.2,  Pivot Point  1197.1,  Support1-  1174.3,  Support2-  1157.2
TATA MOTORS
Tata motor showed correction in today's trading session. The stock has resistance level of 1261 and support level of 1194. In the short term it is expected to move with negative biasness.
Resistance2-  1284.95,  Resistance1-  1260.4,  Pivot Point  1244.45,  Support1-  1219.9,  Support2-  1203.95
SESA GOA
The stock had a correction rally in today's trading session, one could go for sell on rise strategy in the stock as it is expected to have a weak trend and may move till the levels of 300-295 in coming trading sessions.
Resistance2-  325.9,  Resistance1-  321,  Pivot Point  318.1,  Support1-  313.2,  Support2-  310.3
STERLITE INDUSTRIES
The stock has managed to cross its resistance level and moved in an up rally, its next resistance at 187, crossing of this level may take the stock further upwards while has support at 170, breach of this will bring the stock downward.
Resistance2-  174.25,  Resistance1-  172.85,  Pivot Point  171.55,  Support1-  170.15,  Support2-  168.85

In banking, CNX Bank Index lost 195.90 points or 1.67 %. Amongst the banking stocks UCO Bank, Karnataka Bank, Axis Bank lead the row.
Bank Nifty Futures shut stop at 11575.10 down by -196.15 points or -1.67 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 11520 else above resistance level of 11945 it would be in an upward trend.
It has resistance close to the level of 11945 above this level the next resistance near the level of 1205. It has support close to the level of 11520 & below this level the next support near 11330 marks.

 

Yesterday The C&P Nifty closed almost at the day's low. The Nifty Futures closed at 5798 showing a donfall of 56.90 points or almost 1%. The market seems to be bearish in near term and if Nifty trades below 5785 Level it could see some more downfall. Above the level of 5850, upward rally could be seen.
Resistance Levels are 5850-5935 and Support Levels are 5785-5760.

Nifty Futures Tips-
Sell Nifty futures below 5789 for Target 5760-5735 and Stop Loss 5840

 

TCS
TCS has is in correction phase from last few trading sessions. The stock has resistance level at 1202 and support level at 1172. It is expected to trade with negative biasness, also if it sustain below support level at 1172, further correction may be seen in short term.
Resistance2-  1202.7,  Resistance1-  1183,  Pivot Point  1171, Support1-  1190.7,  Support2-  1163.3
WIPRO
Wipro is in correction phase and today also it consolidated with negative biasness. The stock has resistance at 474 and support at 453. The stock is
expected to continue its trade with negative biasness, and below the support level at 453 it looks weak in short term.
Resistance2-  469.07,  Resistance1-  464.68,  Pivot Point  460.62,  Support1-  456.23,  Support2-  452.17
TATA POWER
Tata Power is in consolidation phase from many previous sessions and trading in tight range. The stock is looking strong above the resistance level at 1350. It is expected to trade sideways within the range of resistance 1350 and support at 1295, and if it crosses the resistance bullishness is expected.
Resistance2-  1360.33,  Resistance1-  1338.72,  Pivot Point  1322.03,  Support1-  1300.42,  Support2-  1283.73
SAIL
The stock is consolidating with negative biasness from last a few trading sessions. It faces next resistance at 180; crossing of this level will further take up the stock while has support at 165, breach of this level may bring downward movement.
Resistance2-  171.77,  Resistance1-  169.63,  Pivot Point  168.37,  Support1-  166.23,  Support2-  164.97
MAHINDRA & MAHINDRA
M&M in today's trading session found the support at 706 and resistance at 726. In order to be in an upward trend it has to trade and consolidate above the 10 days and 50 days moving averages. It is looking bearish in the coming trading session if it manages to trade below the support level of 706 else above 726 it would be in an upward trend.
Resistance2-  731.58,  Resistance1-  720.32,  Pivot Point  713.98,  Support1-  702.72,  Support2-  696.38

Today Market opened lower and traded with negative bias throughout the day to close in red. On the daily chart, it is being observed that prices are moving closer to the 200-day SMA (19,048 / 5,700 levels) which is the immediate support for the indices. In coming trading session if indices trade below 19,245 / 5,777 levels then they are likely to test 19,150 - 19,050 / 5,750 - 5,700 levels. On the upside, 19,426 - 19,540 / 5,830 - 5,875 levels may act as resistance for the day.


 

The S&P CNX Nifty ended at 5854.90, down by -47.10 points or - 0.80 %.
Nifty futures closed and settled finally at 5854.90, down by -47.10 points or -0.80 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5935 else below 5830 it would be in a downward trend.
It has resistance close to the level of 5935 & above this level the next resistance near the 6000 mark. It has support close to the level of 5830 & below this level the next support near 5780 mark.

AMBHUJA CEMENT
The stock is consolidating with positive biasness after a continuous up rally previously. It faces major resistance at 157, crossing of this level may continue its bullish trend else it may also resist at higher levels.
Resistance2-  154.82,  Resistance1-  153.13,  Pivot Point  150.92,  Support1-  149.23,  Support2-  147.02
AXIS
Axis bank is currently moving in a bullish trend. The stock has major resistance at 1461, and support level at 1405. The stock may check the resistance level at 1461, and if it sustain above this level then further positive movement can be expected.
Resistance2-  1481.45,  Resistance1-  1463.6,  Pivot Point  1440.15,  Support1-  1422.3,  Support2-  1398.85
BAJAJ AUTO
Bajaj Auto is in correction phase after upside shown in previous sessions. The stock has resistance level at 1485 and above this level it is looking further strong. It has support at 1421, and if it sustain below this level further correction can be seen.
Resistance2-  1469.35,  Resistance1-  1454.8,  Pivot Point  1445.4,  Support1-  1430.85,  Support2-  1421.45
HINDALCO
A sideways movement can be seen in the stock and the stock was found to be trading up. The resistance for the stock is 220. Break of resistance may take the stock further up. One may go for buying the stock at dips.
Resistance2-  220.22,  Resistance1-  218.13,  Pivot Point  215.42,  Support1-  213.33,  Support2-  210.62
IDFC
IDFC has a major uptrend but today it took corrective movements. The stock has resistance level at 170 if it sustain above this level it may further continue its bullish trend, else it is expected to trade sideways. It has short term support at 161.
Resistance2-  167.37,  Resistance1-  165.28,  Pivot Point  163.97,  Support1-  161.88,  Support2-  160.57

In banking, CNX Bank Index gained 24.35 points or 0.21 %. Amongst the banking stocks ING Vysya, Yes Bank and Lakshmi Vilas Bank lead the row.
Bank Nifty Futures shut stop at 11804.90 up by 19.85 points or 0.17 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11684 it would be in a downward trend.
It has resistance close to the level of 11956 above this level the next resistance near to the level of 12050. It has support close to the level of 11684 & below this level the next support near 11580 marks.



 

Today market opened on a positive note but were unable to sustain the gains which lead the indices to close in red. On the daily chart, after hanging man indices have formed a spinning top which indicates that the prior trend is slowing down and could witness a consolidation of previous up move. In coming trading session, if indices trade below 19,540 / 5,865 levels then they are likely to test 19,380 - 19,280 / 5,810 - 5,779 levels. If indices trade above 19,811 / 5,945 levels then the pattern would be negated and indices may test 19,800 - 19,950 / 5,950 - 6,000 levels.