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Nifty - 50 Technical Review

ACC - TECHNICAL OVERVIEW
The stock traded with negative sentiments today. It is below its 50 days moving average. It now faces next support at 968; if it manages to cross this level one may expect the stock to move till the levels of 945-940 in near run else it may also bounce back taking support at lower levels.
RESISTANCE - 1060
SUPPORT - 968

AXIS BANK -TECHNICAL OVERVIEW
The stock consolidated in today's trading session. As we have mentioned for this stock that one may keep holding the short positions in the stock. It holds support at 1265, crossing of this level may bring some more downward movement in coming trading sessions and take the stock till the levels of 1220-1210 else it may bounce back taking
support at lower levels.
RESISTANCE - 1455
SUPPORT - 1265

Bhel - TECHNICAL OVERVIEW
The stock tried to take support at lower levels and took an up rally in today's trading session. If it sustains above the level of 2220, one may expect northward movement in it else it faces support at 2000, crossing of which may bring some more selling pressure in the stock.
RESISTANCE - 2290
Support - 2000

BHARTI AIRTEL - TECHNICAL OVERVIEW
The stock consolidated in today's trading session. As mentioned earlier,it tried to take support at lower levels earlier last week and now facesresistance at 345, if it sustains above this level one may expect somemore northward movement in it.
RESISTANCE -345
SUPPORT -300

DR.REDDY LAB`S - TECHNICAL OVERVIEW
Dr.Reddy has bullish trend. The stock made a new 52 weeks high of 1814 in the today`s session the stock is looking good and above the immediate resistance level of 1820 the stock may continue the uptrend in the coming time.
RESISTANCE - 1820
Support - 1750

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