Daily Analysis of Stocks - 04th January 2012

BHEL -

R2   -   259.38, R1   -   254.62, PP   -   246.93, S1   -   242.17, S2   -   234.48

The stock has shown up rally during the trading hours and ended up on a positive note. It is now facing a resistance at 255 and support at 241. If it manages to sustain at current levels then further upward movement is expected in the stock. One should wait for sometime in stock till it confirms its recovery.

Resistance - 255     Support - 241

RELIANCE INDUSTRIES -

R2   -   736.82, R1   -   730.18 , PP   -   720.27, S1   -   713.63, S2   -   703.72

Reliance Industries has shown upward movement during the trading hours and ended up on a positive note. It is now facing a resistance at 740 and support at 709. As mentioned previously the stock tried to recover from lower levels. If it manages to sustain at current levels then further upward movement is expected in the stock.

Resistance - 740       Support - 709

STATE BANK OF INDIA -

R2   -   1753.95, R1   -  1730.9 , PP   -   1686.95, S1   -   1663.9, S2   -   1619.95

The stock shows consolidated with positive biasness in today’s trading session. It now faces resistance at 1710 and support level of 1643, breaching of support may take the stock to lower levels in near future. If the stock consolidates at current level and crosses the resistance level then bullish trend can be seen in the stock.

Resistance - 1710        Support - 1643

LARSEN & TOUBRO -

R2   -   1093.83 , R1   -  1078.27 , PP   -   1049.13, S1   -   1033.57, S2   -   1004.43

The stock had a straight up side rally and closes with gain 5.71%.The stock has shown upside rally and manages to close above its 10 period & 50 periods moving average one may go for long position after crossing of resistance level.

Resistance - 1063     Support - 1020

INFOSYS -

R2   -   2922.07, R1   -  2890.23 , PP   -   2855.12, S1   -   2823.28, S2   -   2788.17

INFOSYS today opened above its previous closing and had straight upside movement, the stock closed with the gain of around 1.97%. It has resistance level at 2886 and support level at 2819. It is expected to show volatile movements in short term, above the resistance level it is looking strong on charts.

Resistance - 2886     Support - 2819

DAILY ANALYSIS - 14th December 2011

DR REDDY LABORATORIES -

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.

CIPLA -

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.

HERO MOTOCORP -

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.


For More Accurate Calls CLICK HERE