BIG BOSS
For coming trading session it is observed that if indices trade above 18,440 / 5,520 levels, then there is high probability that indices may test 18,560 - 18,798 / 5,563 - 5,636 levels. On the downside, 18,151 - 18,012 / 5,440 - 5,400 levels may act as support for the day.
For intraday trading on Tuesday, Nifty Futures may once again face immediate resistance at 5480 and a break out will take Nifty Futures to 5500-5530-5565 levels, where as 5455 will act as immediate support and a breach will lead Nifty Futures further down side to 5435-5405-5370 levels. So traders can take long or short positions as per the above levels for the day and Investors should stay away from markets till Nifty comes down to 5100-5000 levels or stays above 5550 levels, to enter in to the markets.
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
In banking, CNX Bank Index gained 58.80 points or 0.55 %. Amongst the banking stocks Karnataka Bank, Union Bank of India and Central Bank of India lead the row.
Bank Nifty Futures shut stop at 10702 up by 63.45 points or 0.60 %. It is looking bearish in the coming trading session if it manages to trade support level of 10620 else above resistance level of 10750 it would be in an upward trend.
It has resistance close to the level of 10750 above this level the next resistance near to the level of 10980. It has support close to the level of 10620 & below this level the next support near 10430 marks.
VIKAS PARSHURAM SAMWATSARE
For coming trading session it is observed that if indices trade above 18,440 / 5,520 levels, then there is high probability that indices may test 18,560 - 18,798 / 5,563 - 5,636 levels. On the downside, 18,151 - 18,012 / 5,440 - 5,400 levels may act as support for the day.
For intraday trading on Tuesday, Nifty Futures may once again face immediate resistance at 5480 and a break out will take Nifty Futures to 5500-5530-5565 levels, where as 5455 will act as immediate support and a breach will lead Nifty Futures further down side to 5435-5405-5370 levels. So traders can take long or short positions as per the above levels for the day and Investors should stay away from markets till Nifty comes down to 5100-5000 levels or stays above 5550 levels, to enter in to the markets.
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
In banking, CNX Bank Index gained 58.80 points or 0.55 %. Amongst the banking stocks Karnataka Bank, Union Bank of India and Central Bank of India lead the row.
Bank Nifty Futures shut stop at 10702 up by 63.45 points or 0.60 %. It is looking bearish in the coming trading session if it manages to trade support level of 10620 else above resistance level of 10750 it would be in an upward trend.
It has resistance close to the level of 10750 above this level the next resistance near to the level of 10980. It has support close to the level of 10620 & below this level the next support near 10430 marks.
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