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.
STEEL AUTHORITY OF INDIA -
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.