Tuesday, December 27, 2011

Daily Analysis of Stocks - 27th December 2011

HERO MOTOCORP -
R2   -   2004.53  
R1   -   1972.72 
PP   -   1909.13
S1   -   1877.32
S2   -   1813.73

The stock has traded all positive in today’s trading session with a gain of almost 50 points. It is now
facing resistance at the level of 1943 above which one may observe further buying in the stock after a short consolidation as it coming up straight from the lower levels. It is having immediate support at the level of 1871, below which it may again follow the major downtrend.
Resistance - 1943         Support - 1871


STEEL AUTHORITY OF INDIA -
R2   -   82.27 
R1   -   81.38 
PP   -   80.82
S1   -   79.93
S2   -   79.37
The stock shows consolidated movement in today’s trading session and closes on positive note. It has support level at 80 below the support level the stock can exhibit bearish trend. It has resistance level at 82. The stock can show bullish trend above the major resistance level of 83.
Resistance - 82         Support - 80


LARSEN & TOUBRO -
R2   -   1043.67  
R1   -   1033.83  
PP   -   1023.92
S1   -   1014.08
S2   -   1004.17

After a gap up opening stock tanked down to the level 1014 but not able it is previous support; today
stock showed volatile movement. Now stock is facing support at 1110. Below the support level stock is looking weak; one may go for selling after breaching of support.
Resistance - 1038        Support - 1110