BIG BOSS VIKAS P SAMWATSARE

BIG BOSS

VIKAS PARSHURAM SAMWATSARE
RELIANCE INFRA
It is now taking support at 557 and resistance at 571. The stock is trading in a short term up trend and in today's trading session it manage to trade and close above the 10 days and 50 days moving averages. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 571 else below 557 it might be in a downward trend.
Resistance2-  572.33,  Resistance1-  568.12,  Pivot Point  562.58,
Support1-  558.37,  Support2-  552.83
TATA MOTORS
After a continuous downtrend in the stock, it moved up during the trading hours and showed some recovery. The stock is now facing resistance at 1001 and has support at 974. The stock can go up once it manages to break its resistance level and one can go for buying the stock above its resistance level.
Resistance2-  1012.72,  Resistance1-  1003.43,  Pivot Point  988.82, 
Support1-  979.53,  Support2-  964.92
HERO HONDA
The stock was consolidating during the trading hours and ended on a positive note. The stock is now facing resistance at 1756 and has support at 1690. As the stock closed with positive biasness a further up movement can be seen in the stock once it breaks its resistance level. One may go for buying the stock once it breaks its resistance level.
Resistance2-  1771.82,  Resistance1-  1759.38,  Pivot Point  1742.57,
Support1-  1730.13,  Support2-  1713.32
IDFC
IDFC continued its negative side movements in today's session also and made intraday low of 125. Now the stock has resistance level at 130 and support level at 123. In short term it is expected to remain in bearish phase.
Resistance2-  131.98,  Resistance1-  128.57,  Pivot Point  126.78,
Support1-  123.37,  Support2-  121.58
AXIS
The stock is currently consolidating with positive biasness. One can go for buying on dip strategy in the stock till it breaches the level of 1205 in downside as it is expected to move till the levels of 1280-1285 in coming trading sessions.
Resistance2-  1274.13,  Resistance1-  1249.27,  Pivot Point  1235.13,
Support1-  1210.27,  Support2-  1196.13.

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.

In banking sector, CNX Bank Index gained -176.42 points or 0.96 %. Amongst the banking stocks Andhra Bank, Syndicate Bank and Development Credit Banks were the leaders.

Today Bank Nifty Futures shut stop at 10633 and was down by -191.30 points or -1.77 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.
Resistance & Support Levels for Thursday:-
It has resistance close to the level of 10850 above this level the next resistance is near to the level of 10990. It has support close to the level of 10600 & below this level the next support is near 10330 marks.