Daily Analysis of Stocks - 13th January 2012

RELIANCE POWER-
R2   -   86.4, R1   -   84.75 , PP   -   82.8,  S1   -   81.15, S2   -   79.2
Today the stock has continued to trade with an uptrend with a consolidated move. It is having major resistance at the level of 85 where the stock is likely to sustain in the near term until it manages to cross the same level. Breach of the support level of 79 may give a correction in the stock.
Resistance - 85    Support - 79


TATA POWER -
R2   -   96.83, R1   -   95.57, PP   -   94.03, S1   -   92.77, S2   -   91.23

The stock shows consolidated movement in remains range bound in today’s trading hours. In near term the stock can exhibit bullish trend on chart above resistance level. It now faces the resistance level of 95 and the support level of 92. The stock is trading in a range in last few trading session.

Resistance - 95         Support - 92


TATA MOTORS -

R2   -  213.03, R1   -   209.62, PP   -   206.08, S1   -   202.67, S2   -   199.13

The stock shows consolidated with positive biasness and remains range bound in today’s trading hours. It now has resistance level at 207 and support level at 201, the stock can exhibit bullish trend on chart above resistance level. If the stock sustains at current level before crossing the resistance level then one can go for buying in the stock, else correction can be expected in the stock.

Resistance - 210       Support - 202


COAL INDIA -

R2   -  333.62, R1   -   329.63, PP   -   323.82, S1   -   319.83, S2   -  314.02

The stock has a volatile trading session and closes on positive side. As overall trend is bearish below the support level stock is looking weak one may go for selling after breaching of support level and short term trend is bullish so both side movement can be expected.

Resistance - 330     Support - 319

Daily Analysis of Stocks - 05th January 2012

Stocks to Buy Today - 05th January 2012

ONGC -

R2 - 271.63, R1 - 269.17, PP -  265.13, S1 - 262.67, S2 -  258.63

The stock shows consolidated movement and closes on positive note in today’s trading hours. Currently it has support level of 261 and resistance level of 268. The stock can show bullish trend on chart above resistance level.
Resistance - 268      Support -  261

AMBUJA CEMENT -

R2 - 160.18, R1 - 155.22 , PP - 152.03, S1 - 147.07, S2 - 143.88

The stock has shown downward movement during the trading hours and ended up on a negative note. As mentioned previously breaching of the support level may take stock further down. It is now facing a resistance at 154 and has support at 147. It is expected to show further down movement in coming trading sessions.
Resistance - 154       Support - 147

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

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

Daily Analysis of Stocks - 23rd December 2011

AXIS BANK -

R2   -   903.47 

R1   -   890.73

PP   -   865.57

S1   -   852.83

S2   -   827.67
The stock remained range bound during the trading hours and ended up on a positive note. It is now facing a resistance at 896 and has support at 852. One should wait for sometime in stock till it consolidates for a while as it may remain volatile in this range.

Resistance - 896      Support - 852

BAJAJ AUTO -

R2   -   1643.3 

R1   -   1628.75 

PP   -   1605.45

S1   -   1590.9

S2   -   1567.6
The stock has shown either side movement during the trading hours and ended up on a negative note. It is now facing a resistance at 1630 and support has support at 1583. The stock has been consolidating with negative biasness from past few trading sessions. Breaching of the support level may take stock further down.

Resistance - 1630        Support - 1583

GRASIM INDUSTRIES -

R2   -   2457.33 

R1   -   2434.67 

PP   -   2397.33

S1   -   2374.67

S2   -   2337.33
Today the stock has managed to cross the strong resistance of 2410 and traded with a moderate gain throughout the session. It is still following the major sideways trend having support at the level of 2380. Above the next resistance level of 2440 it is likely to trade with the bullish trend else it may consolidate with the sideways movement.

Resistance - 2440         Support - 2380