Nifty - 50 Stocks
AMBHUJA CEMENT
The stock had taken support at lower levels and moved in an up rally thereafter. If it sustains above 142, some more northward movement is expected. One could go for buying on dip strategy if it sustains above the mentioned level.
SUPPORT - 148
RESISTANCE - 133
AXIS
The stock took support at lower levels and moved in an up rally and gained approximately 3%. Now it faces resistance at 1400, crossing of this may take stock further upwards while it holds support at 1265.
SUPPORT 1400
RESISTANCE - 1265
BHARTI AIRTEL
The stock today was able to achieve our mentioned levels. It moved in an uptrend in today's trading session and gained more than 6%. It now faces resistance at 370; crossing of this level may take the stock further upwards.
SUPPORT -370
RESISTANCE - 330
CIPLA
The stock is moving sideways currently. It now faces resistance at 363 which is also all time high for the stock, crossing of this level may move it further in upside
else it may also bounce back. Also it faces support at 330. Until it crosses any of the level, either side movement in this range is expected
SUPPORT - 363
RESISTANCE -330
JINDAL STEEL & POWER
It is taking support at the level of 630, from the last few trading session it was moving in an uptrend but in today's trading session it was up by 1.99 % and closed above the 10 days and 50 days moving averages. It is looking positive in the coming trading session one can go for long position in it at 656 else it has
support at 630 below this level it would might face more selling.
SUPPORT -655
RESISTANCE - 630
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