Wednesday, December 28, 2011

Daily Analysis of Stocks - 28th December 2011

ACC -
R2   -   1193.68  
R1   -   1184.17 
PP   -   1171.38
S1   -   1161.87
S2   -   1149.08
The stock has shown consolidated movement the trading hours and ended up on a positive note. It now has resistance at 1197, and has support at 1144. Currently the stock is moving sideways trend. If the stock manages to sustain at current levels then further recovery could be expected in the stock.
Resistance - 1197         Support - 1144


AMBUJA CEMENT -
R2   -   165.75 
R1   -   164.4 
PP   -   162.35
S1   -   161
S2   -   158.95
The stock has shown upward movement during the trading hours and ended up on a positive note. It is now facing a resistance at 165 and has support at 161. If it manages to sustain at current levels then further upward movement could be expected in the stock.
Resistance - 165          Support - 161


BAJAJ AUTO -
R2   -   1653.6  
R1   -   1639.55  
PP   -   1620.25
S1   -   1606.2
S2   -   1586.9
The stock remained range bound the trading hours and ended up on a positive note. It is now facing a resistance at 1653 and support has support at 1600. The stock has been consolidating with positive biasness and if it manages to sustain at current levels then further upward movement could be expected in the stock.
Resistance - 1038        Support - 1110



DR REDDY LABORATORIES -
R2   -   1599.18  
R1   -   1589.67 
PP   -   1582.48
S1   -   1572.97
S2   -   1565.78
The stock is strictly trading with the sideways trend. Today it has managed to trade with the same negative biasness throughout the session. It is currently trading between the resistance level of 1607 and the support level of 1572 where one may wait for a confirm trend with the crossing of either of the levels before entering into any position.
Resistance - 1607        Support - 1572