Showing posts with label Intraday Trend. Show all posts
Showing posts with label Intraday Trend. Show all posts
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Nifty Index today opened with negative bias, nifty closed down by 53 points which was near its day low. Selling Pressure in banking and Reality sectors due to hike of 25 basis points expected in monetary credit policy.

Today Nifty futures closed and settled finally at 5452.65 and was down by -63.15 points or -1.14 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5435 else above resistance level of 5505 it would be in an upward trend.
Resistance & Support Levels for Thursday:-
It has resistance close to the level of 5505 & above this level the next resistance is near the 5630 mark. It has support close to the level of 5435 & below this level the next support is near 5310 mark.

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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

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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

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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

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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

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JAIPRAKASH ASSOCIATES
JP ASSOCIATES as discussed earlier was strong above the level of 84, crossed the resistance level today and made an intraday high of 86.75. The stock now has resistance level at 89 and support level at 82. In short term it may take some correction and remain range bound, after upside movement of today's session.
Resistance2-  89.4,  Resistance1-  87.95,  Pivot Point  85.3, 
Support1-  83.85,  Support2-  81.2
HDFC BANK
A continuous up rally was seen in the stock during the trading hour and the stock marked a high of 2406 after breaking its resistance at 2330. A further up movement can be seen in the stock once it breaks its resistance level. The stock is presently facing resistance at 2425 and has support at 2354. One may go for buying the stock once it breaks its resistance.
Resistance2-  2460.63,  Resistance1-  2418.87,  Pivot Point  2366.93,
Support1-  2325.17,  Support2-  2273.23
DLF
The stock had an up rally in today's trading session. One should wait for sometime in the stock as it is expected to consolidate a bit after a sharp a continuous up rally.
Resistance2-  246.03,  Resistance1-  242.82,  Pivot Point  236.48,
Support1-  233.27,  Support2-  226.93
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-  144.17,  Resistance1-  141.58,  Pivot Point  136.92,
Support1-  134.33,  Support2-  129.67
CIPLA
The stock had a correction phase today after a sharp increase previously. It has next support at 317; breach of this level may bring some more correction in the stock.
Resistance2-  338.6,  Resistance1-  331.8,  Pivot Point  328.1,
Support1-  321.3, Support2-  317.6

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RANBAXY
Ranbaxy from the last few trading session moving in an upward trend and in today's trading session it manages
to trade and close above the 10 days and 50 days moving averages. It is now trading at 536.60 from this level further upside of movement would be expected. One can go for long position in it at 542 for the target of 560.
Resistance2-  557.82,  Resistance1-  546.83,  Pivot Point  530.42,
Support1-  519.43,  Support2-  503.02
CIPLA
CIPLA showed upside movement in today's trading session and made an intraday high of 331. Now the stock has resistance level at 333 and support level at 321. It is expected to show positive biasness and to test its resistance level in short term.
Resistance2-  338.98,  Resistance1-  334.97,  Pivot Point  326.98,
Support1-  322.97,  Support2-  314.98
SUN PHARMA
Sun Pharma is looking strong on chart; it is now taking support at 457 and resistance at 467. It is looking bullish in the coming trading session if it manages to trade above the resistance of 467 else below 457 it would be in a downward trend.
Resistance2-  479.32,  Resistance1-  472.53,  Pivot Point  460.27,
Support1-  453.48,  Support2-  441.22
MAHINDRA & MAHINDRA
M&M shown steep down rally, and closed with the loss of 5.95%. The stock has support level at 655 and resistance level at 695. In short term it is expected to remain volatile.
Resistance2-  731.62,  Resistance1-  697.58,  Pivot Point  678.42,
Support1-  644.38,  Support2-  625.22
HINDALCO
The stock showed a continuous down movement during the trading hours. The stock is now facing resistance at 200 and has support at 190 which is also the 50 day moving average of the stock. Break of support may take the stock further down. One may go for selling the stock once it breaks its support.
Resistance2-  202.33,  Resistance1-  197.47,  Pivot Ppoint  194.63,
Support1-  189.77,  Support2-  186.93

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ONGC 
ONGC battered down to the level of 261.40 and it is now trading at 274.45, in today's trading session it manages to trade and closes above the 10 days and 50 days moving averages. It is now looking strong on charts. One can go for long position in it at 285 for the target of 300.
Resistance2-  285.08,  Resistance1-  279.77,  Pivot Point  271.03,
Support1-  265.72,  Support2-  256.98
HERO HONDA
The stock had a sharp upward movement during the trading hours. The stock broke its resistance at 1840 and marked a high of 1949. The stock is highly bullish and a further up movement can be seen in the stock once it breaks its resistance level. The resistance for the stock is 1950.
Resistance2-  2028, Resistance1-  1956,  Pivot Point  1877, 
Support1-  1805,  Support2-  1726
DLF
The stock had an up rally in today's trading session. One should wait for sometime in the stock as its is expected to consolidate a bit after a sharp fall previously.
Resistance2-  225.6,  Resistance1-  221.55,  Pivot Point  215.35,
Support1-  211.3,  Support2-  205.1
ITC
As said earlier, ITC is in sideways trend and today also it traded in tight range. The stock has resistance level at 192 and support level at 182. As said earlier, it is in sideways trend from last many sessions and expected to remain range bound in short term.
Resistance2-  190.33,  Resistance1-  188.67,  Pivot Point  187.33,
Support1-  185.67,  Support2-  184.33
BHARTI AIRTEL
The stock is currently consolidating; it has support at 363, breach of this level may take the stock further down while it has resistance at 376.50, crossing of this level may take the stock upward. One has to wait for crossing of levels on either side.
Resistance2-  377.5,  Resistance1-  372.4,  Pivot Point  368.6,
Support1-  363.5,  Support2-  359.7

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AMBUJA 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
ITC
ITC showed negative side movement today but remained range bound. The stock has resistance level at 192 and support level at 182. It is in sideways trend from last many sessions and expected to remain range bound in short term.
Resistance2-  192.63,  Resistance1-  189.67,  Pivot Point  187.93,
Support1-  184.97,  Support2-  183.23
KOTAK MAHINDRA BANK
KOTAK MAHINDRA BANK had sideways movements in today's trading session and later it showed little recovery. The stock has support level at 402 and resistance level at 421. It is expected to remain sideways in short term, also if it continues to sustain above the support level a bounce back can be seen in it.
Resistance2-  422.7,  Resistance1-  419.4,  Pivot Point  413.7, 
Support1-  410.4,  Support2-  404.7
DLF
The stock has successfully resisted at higher levels and had a downward trend, its major support is at 214.50, and breach of this level may continue its bearish trend.
Resistance2-  230.7,  Resistance1-  224.6,  Pivot Point  219.9, 
Support1-  213.8,  Support2-  209.1
IDFC
IDFC remained sideways in today's trading session and traded in tight range. Now the stock has resistance level at 134 and support level at 129. In short term it is expected to consolidate with positive biasness.
Resistance2-  134.23,  Resistance1-  133.37,  Pivot Point  131.88,
Support1-  131.02,  Support2-  129.53