Wednesday, December 14, 2011

DAILY ANALYSIS - 14th December 2011

R2   -   1645.8 
R1   -   1622.9 
PP   -   1594.15
S1   -   1571.25
S2   -   1542.5
Today the stock has given an upside movement with a moderate gain managed to cross the strong resistance level of 1605. It is now facing resistance at the level of 1618 and having support at the level of 1555. One can expect the stock to move further upward once it breaks its next resistance level in the upcoming session.

R2   -   334.85  
R1   -   331.6 
PP   -   326.6
S1   -   323.35
S2   -   318.35

The stock has shown upward movement during the trading hours and ended up on a positive note. It is now facing a resistance at 334 and support at 320. The stock is moving in sideways trend. If it manages to sustain at current level then further upward movement could be expected in the stock. One should wait for crossing of levels as it expected to remain volatile in coming trading sessions.

R2   -   2061.55 
R1   -   2035.3 
PP   -   1987.55
S1   -   1961.3
S2   -   1913.55
The stock is trading with the downtrend. After trading at its lower levels and breaching its major support level it has shown some recovery in today’s trading session. Currently the stock is having support at the level of 1963. Above the immediate resistance level of 2017 it may show an upside movement if it continues to hold the positive nature in it.

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