Showing posts with label Intraday Treading Strategy. Show all posts
Showing posts with label Intraday Treading Strategy. Show all posts
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AMBHUJA CEMENT
The stock is consolidating and tried to take support at lower levels and had an up rally in today's trading session. One could go for sell on rise strategy in the stock until it crosses the level of 137 in upside.
Resistance2-  141.13,  Resistance1-  138.77,  Pivot Point  134.63,
Support1-  132.27,  Support2-  128.13
ACC
The stock is consolidating currently. It now has next support at 960, breach of this level may continue the bearish trend of the stock else it may also bounce back from lower support levels and has resistance at 1002, crossing of which will take it further upwards.
Resistance2-  1019.27,  Resistance1-  1007.68,  Pivot Point  988.02,
Support1-  976.43,  Support2-  956.77
DR.REDDY LAB
After going up during the earlier trading hours the stock was not able to sustain at its resistance level and moved
down during the trading hours. The trend presently in the stock is weak. The stock is now facing resistance at 1615 and has support at 1540. The stock is close to its support level and break of support may take the stock further down. One may go for selling the stock once it breaks its support.
Resistance2-  1602.72,  Resistance1-  1579.13,  Pivot Point  1566.12,
Support1-  1542.53,  Support2-  1529.52
HCL
The stock moved down during the trading hours after breaking its support at 485 and marked a low of 482. A strong recovery was seen in the stock during the later trading hours but the stock ended on a negative note. A further more correction can be seen in the sock once it breaks its support level. The support for the stock is 480
Resistance2-  500.97,  Resistance1-  495.33,  Pivot Point  488.77,
Support1-  483.13,  Support2-  476.57
HERO HONDA
The stock moved up during the trading hours and ended on a positive note. The trend presently in the stock is sideways. The stock is now facing resistance at 1840 and has support at 1750. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.
Resistance2-  1856.4, Resistance1-  1836.2,  Pivot Point  1805.8,
Support1-  1785.6,  Support2-  1755.2

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ACC
The stock had consolidated throughout this week after a steep downfall previously. It now has next support at 960, breach of this level may continue the bearish trend of the stock else it may also bounce back from lower support levels and has resistance at 1002, crossing of which will take it further upwards.
Resistance2-  999.88,  Ressistance1-  982.92,  Pivot Point  972.83,
Support1-  955.87,  Support2-  945.78

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-  1334.27,  Resistance1-  1319.63,  Pivot Point  1308.37,
Support1-  1293.73,  Support2-  1282.47

CIPLA
The stock had a correction in today's trading session. One could hold the long positions in the stock as it is expected to continue its uptrend in coming trading sessions and may move till the levels of 320-322 in near term. z
Resistance2-  321.1,  Resistance1-  315.3,  Pivot Point  310.2, 
Support1-  304.4,  Support2-  299.3

DLF
The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it may have some correction also after a sharp upturn.
Resistance2-  230.07,  Resistance1-  226.28,  Pivot Point  223.82,
Support1-  220.03,  Support2-  217.57

GAIL INDIA
After a continuous down rally in the stock a recovery was seen in the stock during the trading hours but the stock was not able to sustain around its resistance of 435. The stock is now facing resistance at 439 and has support at 418. Break of support may take the stock further down.
Resistance2-  455.3,  Resistance1-  445.65,  Pivot Point  429.15,
Support1-  419.5,  Support2-  403

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BAJAJ AUTO
The stock has successfully tried to take support at lower levels and had an up rally. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock.
Resistance2-  1362,  Resistance1-  1324.7,  Pivot Point  1292.5
Support1-  1255.2,  Support2-  1223
HINDALCO
After a continuous downtrend in the stock the stock moved up during the trading hours and showed some recovery. The trend presently in the stock is sideways. The stock is now facing resistance at 199 and has support at 191. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.
Resistance2-  200.65,  Resistance1-  198.6,  Pivot Point  196.45
Support1-  194.4,  Support2-  192.25
BHARTI AIRTEL
The stock consolidated with positive biasness this week. One could go for buying on dip strategy in the stock, its next resistance level is at 376.50, and crossing of this rally may continue the up rally of the stock.
Resistance2-  377.98,  Resistance1-  374.97,  Pivot Point  371.98
Support1-  368.97,  Support2-  365.98
DLF
The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it may have some correction also after a sharp upturn.
Resistance2-  235.42,  Resistance1-  232.83,  Pivot Point  229.3
Support1-  226.73,  Support2-  223.22
HDFC BANK
The stock was consolidating during the trading hours and the major trend presently in the stock is sideways. The stock is facing resistance at 2325 and has support at 2220. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.
Resistance2-  2297.38,  Resistance1-  2282.37,  Pivot Point  2262.68
Support1-  2247.67,  Support2-  2227.98




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BAJAJ AUTO
The stock has successfully tried to take support at lower levels and had an up rally. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock.
Resistance2-  1340.05,  Resistance1-  1325.1,  Pivot Point  1305.05, 
Support1-  1290.1,  Support2-  1270.05
BHARTI AIRTEL
The stock consolidated with positive biasness this week. One could go for buying on dip strategy in the stock, its next resistance level is at 376.50, and crossing of this rally may continue the up rally of the stock.
Resistance2-  375.83,  Resistance1-  373.27,  Pivot Point  370.88
Support1-  368.32,  Support2-  365.93
DLF
The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it may have some correction also after a sharp upturn.
Resistance2-  233.28,  Resistance1-  230.47,  Pivot Point  226.43,
Support1-  223.62,  Support2-  219.58
GAIL INDIA
As said earlier the stock can shown some correction in coming session, the stock moved down during the trading hours after breaking its support at 449 it marked a low of 431. The stock is now facing resistance at 445 and has support at 429. Break of support may take the stock further down.
Resistance2-  463.17,  Resistance1-  448.23,  Pivot Point  439.77,
Support1-  424.83,  Support2-  416.37
IDFC
IDFC has major downtrend and today also it continued the same, made intraday low of 125.50. The stock is now facing support from the level of 123 and having resistance level at 134. It is expected to consolidate with negative biasness in short term, and it may also bounce back if it continues to sustain above the support level.
Resistance2-  133.35,  Resistance1-  130.4,  Pivot Point  127.95,
Support1-  125,  Support2-  122.55





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TCS
TCS today consolidate with positive biasness. The stock has support level at 1108 and resistance level at 1160. If it breaches the support level of 1108, further downside movements can be seen in it. Also if it continues to sustain above the support level a bounce back may also be seen in it.
Resistance2-  376.33,  Resistance1-  376.33,  Pivot Point  752.67,  

Support1-  752.67,  Support2-  376.33
TATA STEEL
TATA Steel sustained below the support level and made an intraday low of 576.40. It is expected to consolidate with negative biasness. The stock has major support level at 574 and it is further looking weak below this level. The stock faces resistance from the level of 593.
Resistance2-  598.9,  Resistance1-  588.2,  Pivot Point  582.3,  

Support1-  571.6,  Support2-  565.7
STERLITE INDUSTRIES
The stock has tried to take support at lower levels and had a sharp recovery in last a few trading sessions. Its next resistance is at 178.50, crossing of this level may take the stock further upwards.
Resistance2-  172.23,  Resistance1-  170.32,  Pivot Point  168.88,  

Support1-  166.97,  Support2-  165.53
RELIANCE INFRA
It is now taking support at 582 and resistance at 625. It is now trading at 598.75; from this level either side of movement would be expected. Once can go for short position in it at 590 below this level it might be in a bearish trend.
Resistance2-  613, Resistance1-  605,  Pivot Point  599.55,  

Support1-  591.55,  Support2-  586.1
PUNJAB NATIONAL BANK
After making a high of 1101.90 it is continuously moving in a downward trend, it is now trading at 1060.55 and it was down by -2.09 %. It has resistance at 1088 and support at 1050. It is looking bearish in the coming trading session if it manages to trade below the support level of 1050 else above 1120 it would be in a bullish trend.
Resistance2-  1098.4,  Resistance1-  1077.8,  Pivot Point  1067.4,  

Support1-  1046.8,  Support2-  1036.4

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WIPRO
WIPRO consolidated in today's trading session and it remained range bound. The stock has support level at 432 and it is looking weak below this level. It has resistance level at 443. In short term it is expected to consolidate with negative biasness.
Resistance2-  445.83,  Resistance1-  441.12,  Pivot Point  438.18,  

Support1-  433.47,  Support2-  430.53
TCS
TCS today showed consolidation and closed almost flat. The stock has support level at 1108 and resistance level at 1162. As the stock is not able to resist at higher levels, one may go for sell on rise strategy in it.
Resistance2-  1164.2,  Resistance1-  1151.1,  Pivot Point  1138.6,  

Support1-  1125.5,  Support2-  1113
TATA STEEL
TATA Steel consolidated in today's trading session also. The stock has major support level at 581 and it is looking weak below this level. The stock faces resistance from the level of 601. In short term consolidation phase seems to be continued in it.
Resistance2-  602.43,  Resistance1-  598.57,  Pivot Point  593.53,  

Support1-  589.67,  Support2-  584.63
GRASIM
GRASIM consolidated with positive biasness in today's trading session and remained range bound. The stock has resistance level at 2400 and support level at 2310. It is expected to show consolidation with positive biasness in coming trading session also above the resistance level of 2400 upside movements can be seen in it.
Resistance2-  2394.27,  Resistance1-  2373.53,  Pivot Point  2358.27,  

Support1-  2337.53,  Support2-  2322.27
STERLITE INDUSTRIES
The stock has tried to take support at lower levels and had a sharp recovery from last a few trading sessions. Its next resistance is at 178.50, crossing of this level may take the stock further upwards.
Resistance2-  180.18,  Resistance1-  178.77,  Pivot Point  176.38,  

Support1-  174.97,  Support2-  172.58