Scrip | Closing Price on (2011-03-21) | Intra-day Trend Reversal Level* | Levels | Levels | ||
Resistance 1 | Resistance 2 | Support 1 | Support 1 | |||
3IINFOTECH | 40.50 | 40.82 | 41.28 | 42.07 | 40.03 | 39.57 |
ABAN | 582.55 | 588.08 | 597.17 | 611.78 | 573.47 | 564.38 |
ABB | 740.85 | 739.78 | 750.07 | 759.28 | 730.57 | 720.28 |
ABGSHIP | 351.10 | 353.27 | 356.83 | 362.57 | 347.53 | 343.97 |
ABIRLANUVO | 768.00 | 767.93 | 775.07 | 782.13 | 760.87 | 753.73 |
ACC | 1000.75 | 1004.45 | 1010.90 | 1021.05 | 994.30 | 987.85 |
ADANIENT | 604.35 | 605.65 | 613.45 | 622.55 | 596.55 | 588.75 |
ADANIPOWER | 111.60 | 112.18 | 113.62 | 115.63 | 110.17 | 108.73 |
ALBK | 207.05 | 207.55 | 209.50 | 211.95 | 205.10 | 203.15 |
ALOKTEXT | 20.60 | 20.73 | 20.97 | 21.33 | 20.37 | 20.13 |
AMBUJACEM | 131.65 | 131.95 | 133.45 | 135.25 | 130.15 | 128.65 |
ANDHRABANK | 139.00 | 139.40 | 141.40 | 143.80 | 137.00 | 135.00 |
APIL | 528.80 | 531.53 | 538.07 | 547.33 | 522.27 | 515.73 |
APOLLOTYRE | 65.35 | 65.95 | 67.25 | 69.15 | 64.05 | 62.75 |
AREVAT&D | 229.80 | 230.77 | 237.53 | 245.27 | 223.03 | 216.27 |
ASHOKLEY | 52.25 | 52.68 | 53.57 | 54.88 | 51.37 | 50.48 |
ASIANPAINT | 2539.85 | 2550.30 | 2599.55 | 2659.25 | 2490.60 | 2441.35 |
AUROPHARMA | 203.20 | 202.37 | 211.13 | 219.07 | 194.43 | 185.67 |
AXISBANK | 1274.75 | 1282.80 | 1298.65 | 1322.55 | 1258.90 | 1243.05 |
BAJAJ-AUTO | 1363.75 | 1369.82 | 1380.03 | 1396.32 | 1353.53 | 1343.32 |
BAJAJHIND | 68.85 | 69.37 | 70.13 | 71.42 | 68.08 | 67.32 |
BAJAJHLDNG | 742.60 | 740.60 | 748.20 | 753.80 | 735.00 | 727.40 |
BALRAMCHIN | 70.55 | 70.43 | 71.07 | 71.58 | 69.92 | 69.28 |
BANKBARODA | 900.60 | 905.02 | 912.53 | 924.47 | 893.08 | 885.57 |
BANKINDIA | 438.30 | 442.98 | 451.12 | 463.93 | 430.17 | 422.03 |
BANKNIFTY | 10756.10 | 10817.70 | 10896.40 | 11036.70 | 10677.40 | 10598.70 |
BATAINDIA | 346.75 | 346.93 | 349.82 | 352.88 | 343.87 | 340.98 |
BEL | 1659.45 | 1653.27 | 1672.18 | 1684.92 | 1640.53 | 1621.62 |
BEML | 663.55 | 667.85 | 677.70 | 691.85 | 653.70 | 643.85 |
BGRENERGY | 442.45 | 445.80 | 452.55 | 462.65 | 435.70 | 428.95 |
BHARATFORG | 326.15 | 326.67 | 331.88 | 337.62 | 320.93 | 315.72 |
BHARTIARTL | 319.75 | 321.25 | 323.50 | 327.25 | 317.50 | 315.25 |
BHEL | 1920.80 | 1935.57 | 1953.03 | 1985.27 | 1903.33 | 1885.87 |
BHUSANSTL | 438.70 | 439.83 | 444.57 | 450.43 | 433.97 | 429.23 |
BIOCON | 326.00 | 327.95 | 332.20 | 338.40 | 321.75 | 317.50 |
BOMDYEING | 354.20 | 355.95 | 359.90 | 365.60 | 350.25 | 346.30 |
BOSCHLTD | 5970.00 | 5988.33 | 6016.67 | 6063.33 | 5941.67 | 5913.33 |
BPCL | 560.30 | 562.67 | 567.33 | 574.37 | 555.63 | 550.97 |
BRFL | 254.45 | 254.35 | 256.60 | 258.75 | 252.20 | 249.95 |
CAIRN | 347.40 | 348.95 | 351.35 | 355.30 | 345.00 | 342.60 |
CANBK | 610.75 | 617.05 | 627.25 | 643.75 | 600.55 | 590.35 |
CENTRALBK | 142.35 | 143.32 | 144.98 | 147.62 | 140.68 | 139.02 |
CENTURYTEX | 317.05 | 318.78 | 322.27 | 327.48 | 313.57 | 310.08 |
CESC | 305.60 | 307.98 | 312.77 | 319.93 | 300.82 | 296.03 |
CHAMBLFERT | 69.15 | 69.63 | 70.52 | 71.88 | 68.27 | 67.38 |
CHENNPETRO | 198.60 | 200.82 | 203.83 | 209.07 | 195.58 | 192.57 |
CIPLA | 294.45 | 295.90 | 300.00 | 305.55 | 290.35 | 286.25 |
CNXIT | 6562.35 | 6600.78 | 6646.57 | 6730.78 | 6516.57 | 6470.78 |
COLPAL | 825.70 | 828.52 | 834.28 | 842.87 | 819.93 | 814.17 |
CONCOR | 1186.05 | 1201.73 | 1241.32 | 1296.58 | 1146.47 | 1106.88 |
COREPROTEC | 311.05 | 309.08 | 314.97 | 318.88 | 305.17 | 299.28 |
CROMPGREAV | 265.05 | 267.23 | 271.82 | 278.58 | 260.47 | 255.88 |
CUMMINSIND | 647.70 | 652.77 | 663.43 | 679.17 | 637.03 | 626.37 |
DABUR | 97.20 | 97.27 | 97.83 | 98.47 | 96.63 | 96.07 |
DCB | 42.60 | 43.03 | 43.57 | 44.53 | 42.07 | 41.53 |
DCHL | 66.75 | 67.72 | 69.03 | 71.32 | 65.43 | 64.12 |
DENABANK | 96.50 | 97.18 | 98.12 | 99.73 | 95.57 | 94.63 |
DISHTV | 62.00 | 62.13 | 62.72 | 63.43 | 61.42 | 60.83 |
DIVISLAB | 620.75 | 622.70 | 626.35 | 631.95 | 617.10 | 613.45 |
DLF | 220.25 | 221.45 | 223.50 | 226.75 | 218.20 | 216.15 |
DRREDDY | 1500.40 | 1513.28 | 1531.07 | 1561.73 | 1482.62 | 1464.83 |
EDUCOMP | 411.60 | 413.45 | 417.00 | 422.40 | 408.05 | 404.50 |
EKC | 71.85 | 72.98 | 75.02 | 78.18 | 69.82 | 67.78 |
ESCORTS | 134.40 | 134.97 | 135.93 | 137.47 | 133.43 | 132.47 |
ESSAROIL | 118.95 | 119.85 | 121.20 | 123.45 | 117.60 | 116.25 |
EXIDEIND | 131.75 | 134.63 | 138.87 | 145.98 | 127.52 | 123.28 |
FEDERALBNK | 374.10 | 374.40 | 378.30 | 382.50 | 370.20 | 366.30 |
FINANTECH | 758.60 | 763.55 | 774.05 | 789.50 | 748.10 | 737.60 |
FORTIS | 150.35 | 150.93 | 151.87 | 153.38 | 149.42 | 148.48 |
FSL | 16.25 | 16.37 | 16.58 | 16.92 | 16.03 | 15.82 |
GAIL | 448.20 | 450.40 | 454.80 | 461.40 | 443.80 | 439.40 |
GESHIP | 257.65 | 257.55 | 262.60 | 267.55 | 252.60 | 247.55 |
GLAXO | 2040.40 | 2055.13 | 2099.27 | 2158.13 | 1996.27 | 1952.13 |
GMDCLTD | 129.75 | 130.13 | 132.62 | 135.48 | 127.27 | 124.78 |
GMRINFRA | 37.20 | 37.48 | 38.12 | 39.03 | 36.57 | 35.93 |
GODREJIND | 164.90 | 165.97 | 168.43 | 171.97 | 162.43 | 159.97 |
GRASIM | 2439.90 | 2466.20 | 2508.40 | 2576.90 | 2397.70 | 2355.50 |
GSPL | 98.25 | 98.87 | 100.38 | 102.52 | 96.73 | 95.22 |
GTL | 417.00 | 417.28 | 418.02 | 419.03 | 416.27 | 415.53 |
GTLINFRA | 36.90 | 37.00 | 37.25 | 37.60 | 36.65 | 36.40 |
GTOFFSHORE | 237.40 | 239.82 | 245.58 | 253.77 | 231.63 | 225.87 |
GVKPIL | 24.60 | 24.83 | 25.17 | 25.73 | 24.27 | 23.93 |
HAVELLS | 351.80 | 356.82 | 364.88 | 377.97 | 343.73 | 335.67 |
HCC | 34.70 | 34.92 | 35.33 | 35.97 | 34.28 | 33.87 |
HCLTECH | 452.30 | 454.83 | 462.47 | 472.63 | 444.67 | 437.03 |
HDFC | 624.30 | 630.65 | 640.15 | 656.00 | 614.80 | 605.30 |
HDFCBANK | 2155.95 | 2168.67 | 2186.33 | 2216.72 | 2138.28 | 2120.62 |
HDIL | 156.05 | 157.85 | 160.60 | 165.15 | 153.30 | 150.55 |
HEROHONDA | 1471.20 | 1485.38 | 1509.77 | 1548.33 | 1446.82 | 1422.43 |
HEXAWARE | 55.10 | 55.38 | 55.92 | 56.73 | 54.57 | 54.03 |
HINDALCO | 197.95 | 199.22 | 201.13 | 204.32 | 196.03 | 194.12 |
HINDOILEXP | 164.30 | 164.72 | 166.73 | 169.17 | 162.28 | 160.27 |
HINDPETRO | 332.30 | 331.47 | 335.33 | 338.37 | 328.43 | 324.57 |
HINDUNILVR | 268.40 | 269.20 | 270.60 | 272.80 | 267.00 | 265.60 |
HINDZINC | 126.85 | 128.03 | 130.02 | 133.18 | 124.87 | 122.88 |
HOTELEELA | 36.85 | 37.07 | 37.38 | 37.92 | 36.53 | 36.22 |
IBREALEST | 108.00 | 109.17 | 110.83 | 113.67 | 106.33 | 104.67 |
ICICIBANK | 1007.00 | 1013.70 | 1022.30 | 1037.60 | 998.40 | 989.80 |
IDBI | 133.80 | 134.97 | 136.43 | 139.07 | 132.33 | 130.87 |
IDEA | 61.05 | 61.60 | 62.50 | 63.95 | 60.15 | 59.25 |
IDFC | 143.95 | 144.83 | 146.37 | 148.78 | 142.42 | 140.88 |
IFCI | 52.20 | 52.68 | 53.32 | 54.43 | 51.57 | 50.93 |
IGL | 296.05 | 296.58 | 298.17 | 300.28 | 294.47 | 292.88 |
INDHOTEL | 77.60 | 77.73 | 78.22 | 78.83 | 77.12 | 76.63 |
INDIACEM | 92.05 | 92.57 | 93.63 | 95.22 | 90.98 | 89.92 |
INDIAINFO | 69.45 | 69.82 | 70.83 | 72.22 | 68.43 | 67.42 |
INDIANB | 212.50 | 216.20 | 220.80 | 229.10 | 207.90 | 203.30 |
INDUSINDBK | 244.05 | 245.37 | 247.58 | 251.12 | 241.83 | 239.62 |
INFOSYSTCH | 2945.50 | 2961.58 | 2983.92 | 3022.33 | 2923.17 | 2900.83 |
IOB | 142.75 | 143.32 | 144.43 | 146.12 | 141.63 | 140.52 |
IOC | 304.40 | 303.55 | 306.85 | 309.30 | 301.10 | 297.80 |
IRB | 181.50 | 182.67 | 184.23 | 186.97 | 179.93 | 178.37 |
ISPATIND | 22.00 | 22.10 | 22.35 | 22.70 | 21.75 | 21.50 |
ITC | 168.50 | 168.45 | 170.60 | 172.70 | 166.35 | 164.20 |
IVRCLINFRA | 72.05 | 72.58 | 73.62 | 75.18 | 71.02 | 69.98 |
JETAIRWAYS | 455.95 | 460.03 | 465.92 | 475.88 | 450.07 | 444.18 |
JINDALSAW | 187.45 | 188.85 | 190.70 | 193.95 | 185.60 | 183.75 |
JINDALSTEL | 652.80 | 655.58 | 660.22 | 667.63 | 648.17 | 643.53 |
JINDALSWHL | 879.00 | 885.68 | 898.32 | 917.63 | 866.37 | 853.73 |
JISLJALEQS | 183.50 | 183.93 | 186.17 | 188.83 | 181.27 | 179.03 |
JPASSOCIAT | 82.60 | 82.77 | 83.68 | 84.77 | 81.68 | 80.77 |
JPPOWER | 38.50 | 38.58 | 39.37 | 40.23 | 37.72 | 36.93 |
JSWSTEEL | 898.45 | 901.10 | 910.75 | 923.05 | 888.80 | 879.15 |
KFA | 39.75 | 40.10 | 40.65 | 41.55 | 39.20 | 38.65 |
KOTAKBANK | 423.25 | 426.27 | 431.38 | 439.52 | 418.13 | 413.02 |
KSOILS | 31.20 | 31.53 | 32.07 | 32.93 | 30.67 | 30.13 |
KTKBANK | 99.85 | 101.00 | 102.55 | 105.25 | 98.30 | 96.75 |
LICHSGFIN | 193.85 | 196.05 | 199.10 | 204.35 | 190.80 | 187.75 |
LITL | 35.95 | 36.08 | 36.37 | 36.78 | 35.67 | 35.38 |
LT | 1520.85 | 1526.75 | 1538.00 | 1555.15 | 1509.60 | 1498.35 |
LUPIN | 392.25 | 393.38 | 395.77 | 399.28 | 389.87 | 387.48 |
M&M | 633.05 | 641.73 | 655.47 | 677.88 | 619.32 | 605.58 |
MARUTI | 1161.75 | 1173.65 | 1194.25 | 1226.75 | 1141.15 | 1120.55 |
MAX | 144.50 | 144.93 | 146.27 | 148.03 | 143.17 | 141.83 |
MCDOWELL-N | 1035.60 | 1039.85 | 1057.75 | 1079.90 | 1017.70 | 999.80 |
MCLEODRUSS | 265.50 | 262.67 | 272.73 | 279.97 | 255.43 | 245.37 |
MINIFTY | 5386.70 | 5422.63 | 5465.07 | 5543.43 | 5344.27 | 5301.83 |
MLL | 36.35 | 36.58 | 36.97 | 37.58 | 35.97 | 35.58 |
MOSERBAER | 39.75 | 39.97 | 40.48 | 41.22 | 39.23 | 38.72 |
MPHASIS | 386.90 | 389.15 | 394.75 | 402.60 | 381.30 | 375.70 |
MRF | 6622.40 | 6633.13 | 6714.27 | 6806.13 | 6541.27 | 6460.13 |
MRPL | 59.50 | 60.35 | 61.75 | 64.00 | 58.10 | 56.70 |
MTNL | 44.20 | 44.42 | 44.93 | 45.67 | 43.68 | 43.17 |
MUNDRAPORT | 134.00 | 134.12 | 135.73 | 137.47 | 132.38 | 130.77 |
NAGARFERT | 26.05 | 26.32 | 26.73 | 27.42 | 25.63 | 25.22 |
NATIONALUM | 106.70 | 105.67 | 109.38 | 112.07 | 102.98 | 99.27 |
NCC | 95.65 | 95.35 | 96.50 | 97.35 | 94.50 | 93.35 |
NEYVELILIG | 99.70 | 100.32 | 101.33 | 102.97 | 98.68 | 97.67 |
NFTYMCAP50 | 2365.00 | 2369.17 | 2375.83 | 2386.67 | 2358.33 | 2351.67 |
NHPC | 23.05 | 23.17 | 23.33 | 23.62 | 22.88 | 22.72 |
NIFTY | 5386.85 | 5423.02 | 5466.03 | 5545.22 | 5343.83 | 5300.82 |
NMDC | 281.25 | 279.57 | 288.08 | 294.92 | 272.73 | 264.22 |
NTPC | 175.00 | 175.75 | 177.10 | 179.20 | 173.65 | 172.30 |
OFSS | 1995.60 | 2006.42 | 2031.18 | 2066.77 | 1970.83 | 1946.07 |
OIL | 1260.55 | 1263.57 | 1266.98 | 1273.42 | 1257.13 | 1253.72 |
ONGC | 271.60 | 272.63 | 275.77 | 279.93 | 268.47 | 265.33 |
ONMOBILE | 248.25 | 247.92 | 262.53 | 276.82 | 233.63 | 219.02 |
OPTOCIRCUI | 263.95 | 264.02 | 266.68 | 269.42 | 261.28 | 258.62 |
ORBITCORP | 48.30 | 48.67 | 49.28 | 50.27 | 47.68 | 47.07 |
ORCHIDCHEM | 281.30 | 284.63 | 290.27 | 299.23 | 275.67 | 270.03 |
ORIENTBANK | 367.70 | 367.25 | 372.20 | 376.70 | 362.75 | 357.80 |
PANTALOONR | 240.80 | 243.77 | 249.03 | 257.27 | 235.53 | 230.27 |
PATELENG | 135.30 | 136.27 | 137.78 | 140.27 | 133.78 | 132.27 |
PATNI | 456.65 | 456.25 | 458.50 | 460.35 | 454.40 | 452.15 |
PETRONET | 118.35 | 118.27 | 119.98 | 121.62 | 116.63 | 114.92 |
PFC | 231.85 | 233.58 | 236.77 | 241.68 | 228.67 | 225.48 |
PIRHEALTH | 452.55 | 454.40 | 457.80 | 463.05 | 449.15 | 445.75 |
PNB | 1088.40 | 1091.80 | 1099.55 | 1110.70 | 1080.65 | 1072.90 |
POLARIS | 178.00 | 179.10 | 180.70 | 183.40 | 176.40 | 174.80 |
POWERGRID | 98.15 | 98.50 | 99.05 | 99.95 | 97.60 | 97.05 |
PRAJIND | 71.00 | 71.53 | 72.32 | 73.63 | 70.22 | 69.43 |
PTC | 81.40 | 81.38 | 82.77 | 84.13 | 80.02 | 78.63 |
PUNJLLOYD | 61.90 | 62.30 | 63.10 | 64.30 | 61.10 | 60.30 |
RANBAXY | 468.15 | 469.33 | 473.32 | 478.48 | 464.17 | 460.18 |
RCOM | 104.95 | 105.92 | 107.53 | 110.12 | 103.33 | 101.72 |
RECLTD | 224.15 | 224.27 | 227.33 | 230.52 | 221.08 | 218.02 |
RELCAPITAL | 576.90 | 582.17 | 589.13 | 601.37 | 569.93 | 562.97 |
RELIANCE | 996.60 | 1009.63 | 1027.27 | 1057.93 | 978.97 | 961.33 |
RELINFRA | 630.20 | 641.07 | 654.98 | 679.77 | 616.28 | 602.37 |
RELMEDIA | 150.20 | 152.47 | 156.33 | 162.47 | 146.33 | 142.47 |
RENUKA | 69.15 | 69.58 | 70.37 | 71.58 | 68.37 | 67.58 |
ROLTA | 135.50 | 136.47 | 137.83 | 140.17 | 134.13 | 132.77 |
RPOWER | 121.80 | 123.27 | 125.33 | 128.87 | 119.73 | 117.67 |
RUCHISOYA | 100.75 | 100.52 | 101.98 | 103.22 | 99.28 | 97.82 |
SAIL | 156.80 | 158.60 | 161.35 | 165.90 | 154.05 | 151.30 |
SBIN | 2601.05 | 2613.02 | 2635.03 | 2669.02 | 2579.03 | 2557.02 |
SCI | 106.65 | 107.22 | 108.03 | 109.42 | 105.83 | 105.02 |
SESAGOA | 261.30 | 262.73 | 265.27 | 269.23 | 258.77 | 256.23 |
SIEMENS | 873.25 | 874.90 | 877.75 | 882.25 | 870.40 | 867.55 |
SINTEX | 144.15 | 144.88 | 146.77 | 149.38 | 142.27 | 140.38 |
SKUMARSYNF | 51.30 | 52.00 | 53.25 | 55.20 | 50.05 | 48.80 |
SOBHA | 257.05 | 258.07 | 261.03 | 265.02 | 254.08 | 251.12 |
SREINFRA | 41.85 | 41.92 | 42.23 | 42.62 | 41.53 | 41.22 |
SRTRANSFIN | 739.45 | 736.83 | 750.62 | 761.78 | 725.67 | 711.88 |
STER | 159.30 | 160.17 | 161.53 | 163.77 | 157.93 | 156.57 |
STERLINBIO | 97.25 | 97.35 | 97.70 | 98.15 | 96.90 | 96.55 |
STRTECH | 47.15 | 47.70 | 48.40 | 49.65 | 46.45 | 45.75 |
SUNPHARMA | 433.70 | 433.98 | 438.42 | 443.13 | 429.27 | 424.83 |
SUNTV | 437.50 | 437.98 | 444.32 | 451.13 | 431.17 | 424.83 |
SUZLON | 45.45 | 45.70 | 46.15 | 46.85 | 45.00 | 44.55 |
SYNDIBANK | 113.55 | 113.92 | 114.83 | 116.12 | 112.63 | 111.72 |
TATACHEM | 322.20 | 324.52 | 328.03 | 333.87 | 318.68 | 315.17 |
TATACOMM | 218.35 | 216.43 | 225.22 | 232.08 | 209.57 | 200.78 |
TATAGLOBAL | 98.20 | 98.60 | 100.55 | 102.90 | 96.25 | 94.30 |
TATAMOTORS | 1112.60 | 1125.10 | 1142.20 | 1171.80 | 1095.50 | 1078.40 |
TATAMTRDVR | 632.30 | 630.82 | 649.43 | 666.57 | 613.68 | 595.07 |
TATAPOWER | 1225.15 | 1237.08 | 1259.07 | 1292.98 | 1203.17 | 1181.18 |
TATASTEEL | 596.85 | 598.45 | 602.90 | 608.95 | 592.40 | 587.95 |
TCS | 1085.70 | 1092.50 | 1103.00 | 1120.30 | 1075.20 | 1064.70 |
TECHM | 709.20 | 718.17 | 731.98 | 754.77 | 695.38 | 681.57 |
TITAN | 3480.60 | 3516.38 | 3562.77 | 3644.93 | 3434.22 | 3387.83 |
TRIVENI | 96.75 | 97.28 | 98.47 | 100.18 | 95.57 | 94.38 |
TTML | 14.90 | 14.93 | 15.07 | 15.23 | 14.77 | 14.63 |
TULIP | 139.55 | 139.62 | 142.93 | 146.32 | 136.23 | 132.92 |
TV-18 | 74.00 | 74.50 | 75.50 | 77.00 | 73.00 | 72.00 |
TVSMOTOR | 57.60 | 58.17 | 58.88 | 60.17 | 56.88 | 56.17 |
UCOBANK | 100.15 | 100.35 | 101.45 | 102.75 | 99.05 | 97.95 |
ULTRACEMCO | 1040.30 | 1039.03 | 1055.07 | 1069.83 | 1024.27 | 1008.23 |
UNIONBANK | 334.40 | 335.80 | 338.60 | 342.80 | 331.60 | 328.80 |
UNIPHOS | 136.35 | 136.28 | 138.37 | 140.38 | 134.27 | 132.18 |
UNITECH | 37.20 | 37.55 | 38.05 | 38.90 | 36.70 | 36.20 |
VIDEOIND | 180.15 | 180.78 | 183.47 | 186.78 | 177.47 | 174.78 |
VIJAYABANK | 72.70 | 73.30 | 74.10 | 75.50 | 71.90 | 71.10 |
VOLTAS | 158.10 | 159.28 | 161.07 | 164.03 | 156.32 | 154.53 |
WELCORP | 200.95 | 202.15 | 205.20 | 209.45 | 197.90 | 194.85 |
WIPRO | 439.65 | 440.77 | 446.53 | 453.42 | 433.88 | 428.12 |
YESBANK | 275.55 | 277.50 | 280.40 | 285.25 | 272.65 | 269.75 |
ZEEL | 119.35 | 120.07 | 121.53 | 123.72 | 117.88 | 116.42 |
Day Trading Guide
DLF
We recommend a sell in DLF with tight stop-loss at Rs 225 levels.
ICICI Bank
Fresh short position can be initiated only if ICICI Bank dives below Rs 990 levels with fixed stop-loss.
Infosys
The near-term outlook is bearish for the stock. We recommend a sell in the stock with stiff stop-loss at Rs 2960 levels.
L&T
Initiate fresh short position only if the stock fails to move beyond Rs 1540 levels with stiff stop-loss.
ONGC
Make use of rallies to sell the counter while maintaining tight stop-loss at Rs 277 levels.
Reliance Industries
Experiencing selling pressure RIL tumbled 3.7 per cent with good volumes, breaching its 200-day moving average on Friday. Fresh short position can be initiated if the stock slips below Rs 979 levels with stiff stop-loss.
SBI
Fresh short position is recommended only if SBI drops below Rs 2562 levels with fixed stop-loss.
Tata Motors
We recommend a sell in the counter with tight stop-loss at Rs 1140 levels.
Tata Steel
Initiate fresh long position only if Tata Steel bounces up from Rs 588 levels with tight stop-loss.
Nifty Futures
Nifty futures fell 1.5 per cent breaching its 21-day moving average on Friday. Fresh short position can be initiated only if Nifty Futures fails to move beyond
Pivotals: Reliance Industries (Rs 993.1)
RIL broke out of the sideways range and reached our target zone between Rs 1,040-1,050 on Tuesday. However, by experiencing selling pressure in this resistance zone, it did a volte-face and tumbled nearly 4 per cent on Friday. It gave away all its profits made last Monday and Tuesday and finished the week approximately at the same level it ended the week before.
Short-term uptrend that is in place from February 2010 low of Rs 885 is currently under threat as the stock is testing key support at Rs 1,000. Traders with short-term perspective can initiate fresh short position if the stock declines below Rs 980 levels with tight stop-loss. Downward targets are Rs 960, Rs 940 and Rs 920 levels. Key support below Rs 920 is at Rs 880. Significant resistances over the short-term are at Rs 1,016, Rs 1,050 and Rs 1,080. The stock continues to move sideways in the range between Rs 880 and Rs 1,160 in the medium-term.
State Bank of India (Rs 2,590.6)
SBI was volatile and settled by climbing Rs 19 last week. The stock has been moving sideways in the band between Rs 2,500 and Rs 2,750 for the past three weeks. Short-term traders can initiate fresh short position while maintaining stop-loss at Rs 2,650. Targets are Rs 2,550, Rs 2,530 and Rs 2,500. Resistances ahead are positioned at Rs 2,700, Rs 2,755 and Rs 2,800.
We retain the opinion that a strong fall below its key support level of Rs 2,500 will strengthen the stock's medium-term downtrend which is in place since last November. In that case, it can drag the stock down to Rs 2,200 or even to Rs 1,900 levels over the medium-term.
Tata Steel (Rs 596.3)
After testing its lower boundary (Rs 590) and its 200-day moving average around Rs 586, the stock bounced during the initial part of the week. It managed to trade above Rs 590 and finished the week with a 2.5 per cent gain. However, the near-term outlook remains bleak for the stock. An emphatic dive below Rs 585 will signal reinforcement of the downtrend. Traders can initiate fresh short position only if the stock slips below this level. The stock can decline to Rs 570 and then to Rs 550. Key support below these levels is at Rs 520. Inability to decline below Rs 585 will imply that the stock can move sideways for a few more weeks. Important resistances are pegged at Rs 610 and Rs 630.
ince January, the stock has been on a medium-term downtrend. A conclusive move above Rs 660 is required to negate the downtrend.
Infosys Technologies (Rs 2,941.5)
Infosys plunged 3.7 per cent last week, decisively breaching its significant medium-term support at Rs 3,000 and 200-day moving average around the same level. Short-term outlook has turned bearish for the stock. Traders can initiate short positions in rallies while maintaining stop-loss at Rs 3,000 levels. Targets are Rs 2,900 and then Rs 2,850.
The stock appears to have resumed its medium-term downtrend, which is in place from its January peak of Rs 3,493 levels. It can decline to Rs 2,800, a key support level, in the medium-term. Important resistance are at 3,000, 3,100 and 3,160 levels
Stock Strategy: Negative bias on HDIL, CNX-IT
Stock Strategy: Negative bias on HDIL, CNX-IT
HDIL: After a minor recovery in the last one month, the stock turned weak on Friday. HDIL is likely to move in the range between Rs 168 to Rs 136 during the medium-term. However, the short-term outlook appears negative and is headed for Rs 136. A close below Rs 124 could drag it below Rs 100.
Only a close above Rs 186 would change the medium-term outlook to positive. In that event, the stock could reach Rs 285.
F&O pointers: The HDIL futures witnessed unwinding of long positions, indicating that traders are booking profits.
Option trading also indicates a negative bias as calls witnessed accumulation of open interest. On the other hand, puts saw unwinding of positions.
Strategy: Traders could consider going short on HDIL futures (market lot 1000) keeping the stop-loss at Rs 168 for an initial target of Rs 136.
If the stock opens on negative note, shift the stop-loss to Rs 155 (spot price on a closing day basis).
Trades with a penchant for risk can also consider selling HDIL 160 call that closed on Friday at Rs 2.80.
While the maximum profit in this strategy is the premium collected, the loss could be unlimited if HDIL stock moves up. This strategy requires higher margin commitments.
The strategy would deliver only if HDIL moves down or stays at current levels till expiry.
CNX-IT: The outlook turned negative for the CNX-IT index. As long as it stays below 7,015, the outlook would remain negative. It now finds crucial support at 6,503, which is very close to the current closing level. A break below this level could trigger a fall to 6,250, and then next at 5,970.
F&O pointers: The CNX-IT index futures added fresh short positions on Friday. Options are not active in the CNX-IT index.
Strategy: Traders can consider going short on CNX-IT if it dips below 6,503 and can stay away if it holds at current levels. Keep the stop-loss at 6,503if CNX-IT index gives an entry point.
Follow-up: Last week, we had advised three strategies on Tata Steel. Short on Tata Steel futures; buying 580 put; and writing 600 call. Tata Steel moved in a narrow range. We believe that a negative bias still persists and advice traders to hold their position. We had also advised traders to consider shorting Bank of India. It moved on expected lines. Traders can hold the position with revised stop-loss at Rs 453.
Index Outlook: Negotiating a rough terrain
Sensex (17,878.8)
Pandemonium ruled in financial markets early last week as Nikkei dived 20 per cent in two sessions, and most asset classes followed suit as a wave of risk aversion gripped investors. Nikkei's rebound on Wednesday coupled with Yen recovering from the low of 77 against the dollar helped in assuaging sentiments to some extent.
Indian market, however, seemed to be operating on a different plane. It went up when the world was collapsing on Monday and then turned tail on Friday when global equities surged. The weekly decline in the Sensex was also much milder than the cuts received by other global benchmarks. It is to be seen if our market is able to carry on in this vein given the fact that most issues – possibility of a nuclear disaster, rising crude prices, government grappling with corruption charges et al still remain unresolved.
Volumes in both cash and derivative segment were low last week as traders, shaken by the ongoing events withdrew to the sidelines. Open interest at around Rs 1,40,000 crore also reflects a cautious stance. FIIs who had been supportive through the month of March, turned net sellers in the last two sessions.
The Sensex did not do much last week and remained in a narrow band between 17,800 and 18,500. This leaves the trend along all time-frames unaltered — long-term trend is up, medium-term trend is down and short-term trend is sideways.
Friday's sell-off dragged the daily oscillators in to the bearish zone implying that the decline can prolong in the week ahead. Weekly oscillators are, however, moving sideways in a benign fashion. The 10-month rate of change oscillator attempting to take support at the zero line gives some hope of the index hitting a bottom in the vicinity.
The key here is deciphering the sideways move that is on since February 11. Trend following methods would suggest that this is a pause before the index declines to the next long-term support zone between 16,000 and 16,300.
But the pattern of the decline from 18,737 suggests that the index has not launched in to an impulse wave downward yet. This sideways move can turn out to be a terminal corrective or a base building effort that can be followed by a rebound to higher levels, aided by short-covering.
A similar situation though on a larger time-frame occurred between October 2008 and March 2009 when the index moved sideways but with higher troughs and finally reversed higher. That the index has already retraced almost 30 per cent of the entire rally from March 2009 lows also supports this possibility.
If we look at the downward targets of the move from 21,108, this wave can complete in the band between 17,243 and 17,800. If this zone does not hold, decline to 16,343 or 16,118 becomes possible. Medium term risk will be mitigated only on close above 18,750.
The weak close on Friday has made the short-term view negative. A negative start will drag the index down to 17,470, 17,295 or 17, 243. Investors can watch out for rebound from any of these levels. Subsequent target is at 16,758. Resistances for the week would be at 18,200, 18,400 and 18,736. Failure to move above the first resistance will mean that the index will slide lower in the ensuing sessions.
Nifty (5,373.7)
The Nifty too did not move much in either direction and moved within 5,350 and 5,550. Key short-term support for the index is at 5,376 and the Nifty is poised just above this level though it dipped slightly below on Friday. A rebound on Monday can take the index to 5,458 or 5,515. Reversal from either of these levels will be the cue for initiating fresh short positions with targets of 5,376, 5,232 and 5,165. The down-move is likely to accelerate only on a strong breach of 5,330.
As explained above under Sensex, the medium-trend is sideways but it is difficult to decipher if this is the last part of the down move from 6,338 or the halt before the index declines to the next support zone between 4,700 and 4,900. Strong weekly close above 5,650 will mitigate the bearish medium term outlook.
Global Cues
Most global benchmarks took a sharp cut in the first half of the week but rebounded in the later half. Decline was very sharp in European indices such as the CAC and DAX that closed between 3 to 5 per cent lower. VIX spiked to 31.3, the highest level recorded since last July. Key resistance for this index is at 35.5. Close above this level is needed to signal the beginning of a prolonged turbulent period for global equity market.
The Dow too recorded the low of 11,555 on Wednesday before closing above the 11,800 mark.
This index appears more resilient when compared with its developed market counterparts. We stay with the view that a close below 11,258 is required to make the medium-term trend negative. Short-term support is moved lower to 11,500.
Close below this level will mean that the short-term trend has reversed lower.
The sharp move down to the low of 8,228 in Nikkei means that the index has charted the third wave from the April 2010-peak last week. In other words, the index is in a sideways consolidation in the form of a flat wave since then and the C of this formation could have completed last week.
Close below 8,750 is required to signal the resumption of the long-term downtrend. It is however quite likely that the index spends the rest of this calendar in the range between 8,700 and 11,400.
Some indices such as Russia's RTSI Index, Kospi and Turkey's benchmark managed to close the week in the green.