PARSADAM STOCK MARKET PARK

 BIG BOSS VIKAS PARSHURAM SAMWATSARE

Intraday Tips- Technical Report and Outlook Wednesday 27th July
 
POWER GRID CORPORATION
ONGC was moving sideways and in today's trading it closed near to the resistance level of 110; from this level further upside of movement would be expected. It is now taking resistance at 110 above this level it would be in an upward trend else below support level of 107 it might face more selling pressure.
Resistance2-  111.3,  Resistance1-  110.15,  Pivot Point  108.7,
Support1-  107.55,  Support2-  106.1

RELIANCE POWER
RPOWER is moving short term uptrend and in today's trading session it was moving sideways, from this level either side of movement would be expected. It is now taking support at 116 below this level it would be in a downward trend.
Resistance2-  121.07,  Resistance1-  118.93,  Pivot Point  117.77,
Support1-  115.63,  Support2-  114.47

WIPRO
The stock remains volatile in today's trading session and closed almost flat. In upcoming session upward movement can be expected. It now has support level at 405 and resistance level at 413. One may hold long position in it till it breaks its support level of 405.
Resistance2-  416.32,  Resistance1-  413.18,  Pivot Point  409.17,
Support1-  406.03,  Support2-  402.02

IDFC
IDFC has taken resistance from higher levels today and showed steep fall making intraday low of 133.30. The stock has resistance level at 146 and support level at 131. In short term it is expected to consolidated and remain range bound.
Resistance2-  148.5,  Resistance1-  141.7,  Pivot Point  137.65,
Support1-  130.85,  Support2-  126.8

MAHINDRA & MAHINDRA
M&M showed negative side movements in today's trading session and made intraday low of 713.45. The stock now has support level at 710 and resistance level at 740. It is expected to consolidate and remain range bound in short term.
Resistance2-  767.27,  Resistance1-  741.08,  Pivot Point  727.27,
Support1-  701.08,  Support2-  687.27




Today CNX Nifty opened at 5688 and and made high of 5702 then it traded choppy till the RBI policy came. Sudden selling was seen in market as RBI announced rise of further 50 basis points. And Nify made intraday low of 5560. The Spot Nifty is now at 5574.85 down 105.45 points or -1.86 %.
Nifty Futures settled and closed at 5577.30 which is down by -113.35 or -1.99 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 5555 or above the resistance level of 5710 it would be in an upward trend.

Nifty Futures Support and Resistance Levels for Wednesday:-
Resistance1- 5710 & above this level Resistance2- 5790.
Support1- 5555 & below this level Support2- 5490.

PARSADAM STOCK MARKET PARK

BIG BOSS VIKAS PARSHURAM SAMWATSARE

Today Nifty made a drastic upward move, Nifty opened at 5634 and after making low of 5617 buying was seen in market and made intraday high of 5700.
Nifty settled at 5680.30 which is up by 46.35 points or 0.75%.
Nifty Futures finally settled and closed at 5687.70 which is up by 42.15 or 0.75 %. It is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5790 or below the support level of 5610 it would be in a downward trend.
Nifty Futures Support and Resistance Levels for Tuesday:-
Resistance1-  5790 & above this level Resistance2-  5900.
Support1-  5610 & below this level Support2-  5490. 

Intraday Tips- Technical Outlook Tuesday 26th July


RELIANCE COMMUNICATION
The stock had been moving in an upward trend and in today's trading session it was up by 15.12 %. It is now taking support at 89 and resistance at 109. It is looking strong on charts; one can go for long position in it at 109 for the target of 120.
Resistance2-  118.45,  Resistance1-  113.5,  Pivot Point  103.75,
Support1-  98.8,  Support2-  89.05


BHARTI AIRTEL
The stock is currently moving in an up trend. Its next resistance is at 439, crossing of this level may take the stock further upwards while it may also resist at higher levels and reverse back.
Resistance2-  455.67,  Resistance1-  444.48,  Pivot Point  427.02, 
Support1-  415.83,  Support2-  398.37


MAHINDRA & MAHINDRA
M&M showed upside movements in today trading session and after crossing of resistance level it made intraday high of 753. The stock now has support level at 718 and resistance level at 765. It is expected to consolidate with positive biasness in short term.
Resistance2-  772.67,  Resistance1-  760.33,  Pivot Point  740.67,
Support1-  728.33,  Support2-  708.67


SESA GOA
The stock has manages to closed near to the support level of 280 from this level further downside of movement would be expected. One can go for short position in it at 280 for the target of 265.
Resistance2-  291.08,  Resistance1-  286.32,  Pivot Point  282.83,
Support1-  278.07,  Support2-  274.58


CIPLA
The stock had consolidation in today's trading session. Now its next support is at 310, breach of this level may take the stock further down else it may also bounce back.
Resistance2-  327.12,  Resistance1-  322.23,  Pivot Point  318.62,
Support1-  313.73,  Support2-  310.12

 

PARSADAM STOCK MARKET PARK

• PARSADAM STOCK MARKET PARK

BIG BOSS
VIKAS PARSHURAM SAMWATSARE

DATED 4-JULY-2011 INDIAN STOCK MARKET TIPS


Ambuja Cements
The stock has successfully taken support at lower levels and had an up rally previously, while it consolidated throughout this week with negative biasness. Its next support is at 126, breach of this level may take the stock further downwards.
Resistance2-  137.65,  Resistance1-  133.55,  Pivot Point-  130 .8,
Support1-  126 .7,  Support2-  123.95
Bajaj Auto Ltd.
The stock is currently moving in a sideways trend. One should now wait for crossing of either side in the stock.
Resistance2-  1456.12,  Resistance1-  1439.63,  Pivot Point  1422.32,
Support1-  1405.83,  Support2-  1388.52
Bharti Airtel
The stock has moved in bullish trend throughout last week and had an up rally previously. It also managed to resist at higher levels and had a correction rally. It has next support at 375, breach of this level will take the stock further downwards.
Resistance2-  400.92,  Resistance1-  392.18,  Pivot Point  387.27,
Support1-  378.53,  Support2-  373.62
Cairn India
The stock consolidated this week and had a steep rise in today's trading session. 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 335-340 in coming trading sessions.
Resistance2-  342.83,  Resistance1-  334.32,  Pivot Point  319.33,
Support1-  310.82,  Support2-  295.83
HDFC Bank
The stock showed a continuous up movement during the week and on the last day of trading week it showed some profit booking and closed with negative biasness. The stock is now facing resistance at 2550 and has support at 2430. As the stock closed with negative biasness a further down movement can be seen in the stock once it breaks its support level.
Resistance2-  2578.55,  Resistance1-  2539.9,  Pivot Point  2508.95,
Support1-  2470.3,  Support2-  2439.35



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:VIKAS PARSHURAM SAMWATSARE JULY 11