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Rohan
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| 16 May 2011, 21:29:34 |
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TCS
TCS today consolidate with positive biasness. The stock has support level at 1108 and resistance level at 1160. If it breaches the support level of 1108, further downside movements can be seen in it. Also if it continues to sustain above the support level a bounce back may also be seen in it.
Resistance2- 376.33, Resistance1- 376.33, Pivot Point 752.67, Support1- 752.67, Support2- 376.33
TATA STEEL
TATA Steel sustained below the support level and made an intraday low of 576.40. It is expected to consolidate with negative biasness. The stock has major support level at 574 and it is further looking weak below this level. The stock faces resistance from the level of 593.
Resistance2- 598.9, Resistance1- 588.2, Pivot Point 582.3, Support1- 571.6, Support2- 565.7
STERLITE INDUSTRIES
The stock has tried to take support at lower levels and had a sharp recovery in last a few trading sessions. Its next resistance is at 178.50, crossing of this level may take the stock further upwards.
Resistance2- 172.23, Resistance1- 170.32, Pivot Point 168.88, Support1- 166.97, Support2- 165.53
RELIANCE INFRA
It is now taking support at 582 and resistance at 625. It is now trading at 598.75; from this level either side of movement would be expected. Once can go for short position in it at....read more |
