Resistance at 1438 and 1450, above it may test 1475 and 1532. Support at 1415 and 1403. (Buy at declines)
Thursday, July 16, 2009
L&T (1430)
JINDAL STEEL (2528)
Resistance at 2545, above it may test 2569 and thereafter expect a level of 2615 and 2649. Support at 2505 and 2485.
IBN 18 (101.90)
Support at 99 and 97.50. (Buy at declines) Resistance at 103, above it may test 109 and 121 and even 135.
DHAMPUR SUGAR (62.35)
Support at 60 and 59. Resistance at 64, above it may test 67 and 69 or even 72.
NICCO CORPORATION (4.75)
Strong support at 4.10 and 3.50. (Use 3.50 as stop loss for long) Resistance at 5, above it may test 7.50 and 8.95.
NIFTY(4233)
Nifty has resistance at 4257, 4275, 4282, 4300 and 4330. Support is at 4216, 4203, 4173 and 4149
Wednesday, July 15, 2009
STERLITE (603.90)
Resistance at 610, above it could test 618 and 629. Support at 596 and 592. (Buy at declines)
ALSTOM POWER (465)
Support at 460 and 456. Resistance at 471, above it may test 479 and 485 and 491.
ABB (684)
Support at 680 and 673. (Buy at declines) Resistance at 690, above it may test 699 and 707
JUBILANT ORGANOSYS (165.35)
Support at 163 and 161. Resistance at 167, above it may test 169 and 174 and more.
NIFTY
Nifty has resistance at 4129, 4145, 4185, 4200 and 4216. Support is at 4101, 4073, 4045 and 4008.
Tuesday, July 14, 2009
AXIS BANK (755.40)
Resistance at 761 and 767. If moves up, it may test 775 and more. Support at 749 and 741. (Buy at declines)
INDUS IND BANK (77.80)
Resistance at 80, above it may test 84, 86 and 91. Support at 76.10 and 74.50
BGR ENERGY (278)
Support at 276 and 271. (Buy at declines) Resistance at 281, above it may test 288 and 293.
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