Nifty today closed slightly lower on minor profit taking ahead of the monthly inflation data which is expected to move up further. Nifty is having support at 5,049 and 5,024 while the resistance is there at 5,120 and 5,163 levels.
AXIS BANK
The stock had a consolidated move during the trading hours and ended up with a negative note. The stock has managed to sustain above its previous resistance level. It is now facing resistance at 1116, crossing of which could take stock further upward and support at 1054.
The stock had a consolidated move during the trading hours and ended up with a negative note. The stock has managed to sustain above its previous resistance level. It is now facing resistance at 1116, crossing of which could take stock further upward and support at 1054.
CIPLA
The stock has tried to test its resistance level and made a high of 290.20. It now has a support at 278 and resistance at 291. The stock is consolidating with positive biasness and it is expected to give a positive breakout. So, one could go for a long position in the stock if it crosses its resistance level.
INFOSYS
Stock opened gap up and managed to close on positive note. Now stock is trading at 2696 and facing resistance at 2729 above the resistance stock is looking strong and one may go for long position after crossing of resistance level.
RELIANCE COMMUNICATION
The share prices of the Reliance communications opened gap up but later slipped down under the selling pressure. The stock traded with negative biasness and looks weak below the support level of 75. Above the resistance level of 79 the stock will continue to be in its short term uptrend.
SESA GOA
The trade in SESA GOA was marked with some corrective movement. It is trading strong on the charts and a further bullish movement is expected in the stock above the resistance of 233. Currently it takes a support at the level of 224, below which some correction is expected.
The stock has tried to test its resistance level and made a high of 290.20. It now has a support at 278 and resistance at 291. The stock is consolidating with positive biasness and it is expected to give a positive breakout. So, one could go for a long position in the stock if it crosses its resistance level.
INFOSYS
Stock opened gap up and managed to close on positive note. Now stock is trading at 2696 and facing resistance at 2729 above the resistance stock is looking strong and one may go for long position after crossing of resistance level.
RELIANCE COMMUNICATION
The share prices of the Reliance communications opened gap up but later slipped down under the selling pressure. The stock traded with negative biasness and looks weak below the support level of 75. Above the resistance level of 79 the stock will continue to be in its short term uptrend.
SESA GOA
The trade in SESA GOA was marked with some corrective movement. It is trading strong on the charts and a further bullish movement is expected in the stock above the resistance of 233. Currently it takes a support at the level of 224, below which some correction is expected.
0 comments:
Post a Comment