- BIG BOSS
- VIKAS PARSHURAM SAMWATSARE
Today benchmark indices ended around the previous week's levels. The S&P CNX Nifty touched a low of 5,436.95 in afternoon session and recovered fully to close at 5,482.80, and down by -3.00 points.
The Nifty futures closed and settled at 5501.90 and was up by 17.75 points or 0.32 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5410 else above resistance level of 5520 it would be in an upward trend.
Resistance & Support for Tuesday:-
It has resistance close to the level of 5520 & above this level the next resistance is near the 5630 mark. It has support close to the level of 5410 & below this level the next support is near 5310 mark.
The Nifty futures closed and settled at 5501.90 and was up by 17.75 points or 0.32 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5410 else above resistance level of 5520 it would be in an upward trend.
Resistance & Support for Tuesday:-
It has resistance close to the level of 5520 & above this level the next resistance is near the 5630 mark. It has support close to the level of 5410 & below this level the next support is near 5310 mark.
In banking sector, Today CNX Bank Index gained 3.25 points or 0.03 %. Amongst the banking stocks Karnataka Bank, Jammu & Kashmir Bank and Lakshmi Vilas Bank were the leaders.
Bank Nifty Futures shut stop at 10748 up by 53.05 points or 0.50 %. 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 10815 it would be in an upward trend.
Resistance & Support for Tuesday:-
It has resistance close to the level of 10815 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 10430 marks.
Bank Nifty Futures shut stop at 10748 up by 53.05 points or 0.50 %. 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 10815 it would be in an upward trend.
Resistance & Support for Tuesday:-
It has resistance close to the level of 10815 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 10430 marks.
VIKAS PARSHURAM SAMWATSARE
JAIPRAKASH ASSOCIATES
JP ASSOCIATES showed positive movements in today's trading session and made an intraday high of 84.65. The stock has resistance level at 85 and support level at 79. In short term it is expected to consolidate with positive biasness and to test its resistance level.
Resistance2- 87.17, Resistance1- 85.68, Pivot Point 83.17,
Support1- 81.68, Support2- 79.17
CIPLA
The stock is currently moving in an up rally after crossing its resistance level. One could still hold the long positions in the stock as it is expected to move till the levels of 341-345 in coming trading sessions.
Resistance2- 348.63, Resistance1- 344.27, Pivot Point 337.43,
Support1- 333.07, Support2- 326.23
NTPC
NTPC showed positive movements in today's trading session and made an intraday high of 181.30. The stock now has support level at 175 and resistance level at 183. In short term it is expected to consolidate with positive biasness.
Resistance2- 184.7, Resistance1- 182.35, Pivot Point 178.95,
Support1- 176.6, Support2- 173.2
SESA GOA
After making a high of 290.30 it is moving in a downward trend. It is now taking support at 278 and resistance at 289. It is now trading at 281.55, form this level further downside of movement would be expected. One can go for short position in it at 278 for the target of 270.
Resistance2- 286.95, Resistance1- 284.25, Pivot Point 282.25,
Support1- 279.55, Support2- 277.55
HINDALCO
The stock moved down during the trading hours continuing its major downtrend. The trend presently in the stock is weak. The stock is now facing resistance at 185 which is the 50 day moving average of the stock and has support at 176.One may go for selling the stock once it breaks its support level.
Resistance2- 185.58, Resistance1- 182.97, Pivot Point- 181.23
Support1- 178.62, Support2- 176.88
JP ASSOCIATES showed positive movements in today's trading session and made an intraday high of 84.65. The stock has resistance level at 85 and support level at 79. In short term it is expected to consolidate with positive biasness and to test its resistance level.
Resistance2- 87.17, Resistance1- 85.68, Pivot Point 83.17,
Support1- 81.68, Support2- 79.17
CIPLA
The stock is currently moving in an up rally after crossing its resistance level. One could still hold the long positions in the stock as it is expected to move till the levels of 341-345 in coming trading sessions.
Resistance2- 348.63, Resistance1- 344.27, Pivot Point 337.43,
Support1- 333.07, Support2- 326.23
NTPC
NTPC showed positive movements in today's trading session and made an intraday high of 181.30. The stock now has support level at 175 and resistance level at 183. In short term it is expected to consolidate with positive biasness.
Resistance2- 184.7, Resistance1- 182.35, Pivot Point 178.95,
Support1- 176.6, Support2- 173.2
SESA GOA
After making a high of 290.30 it is moving in a downward trend. It is now taking support at 278 and resistance at 289. It is now trading at 281.55, form this level further downside of movement would be expected. One can go for short position in it at 278 for the target of 270.
Resistance2- 286.95, Resistance1- 284.25, Pivot Point 282.25,
Support1- 279.55, Support2- 277.55
HINDALCO
The stock moved down during the trading hours continuing its major downtrend. The trend presently in the stock is weak. The stock is now facing resistance at 185 which is the 50 day moving average of the stock and has support at 176.One may go for selling the stock once it breaks its support level.
Resistance2- 185.58, Resistance1- 182.97, Pivot Point- 181.23
Support1- 178.62, Support2- 176.88
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