BIG BOSS VIKAS PARSHURAM SAMWATSARE
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
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.
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.
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
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