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Intraday Tips for Tuesday (Technical Overview 19 April 2011)



Intraday Tips for Tuesday (Technical Overview 19 April 2011)
Rohan
19 April 2011, 01:22:48
WIPRO
WIPRO continued its downside movement today also and made an intraday low of 444. The major trend for the stock is looking weak on the charts and it is expected to consolidate with negative biasness in shor term.
Resistance2- 480.6, Resistance1- 465.2, Pivot Point 456.6, Support1- 441.2, Support2- 432.6
TCS
TCS sustained below the support level and made an intraday low of 1140. Now the stock has resistance level at 1200 and support level at 1128. Its trend is looking weak in short term; one may go for sell on rise strategy, until it crosses the level of 1172 on upside.
Resistance2- 1237, Resistance1- 1214.2, Pivot Point 1197.1, Support1- 1174.3, Support2- 1157.2
TATA MOTORS
Tata motor showed correction in today's trading session. The stock has resistance level of 1261 and support level of 1194. In the short term it is expected to move with negative biasness.
Resistance2- 1284.95, Resistance1- 1260.4, Pivot Point 1244.45, Support1- 1219.9, Support2- 1203.95
SESA GOA
The stock had a correction rally in today's trading session, one could go for sell on rise strategy in the stock as it is expected to have a weak trend and may move till the levels of....read more

 


 
 
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