Nifty - 50 Trend for Tomorrow
ACC
As we have already mentioned about the stock that it is trading with negative sentiments. 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
Ambuja Cement
The stock today managed to reach our mentioned levels. It is now trading below its 50 days moving average. It now faces support at 133, crossing of this level may take down the stock till the levels of 128-125 in short term.
RESISTANCE - 148
SUPPORT - 133
AXIS BANK
The stock today crossed its support level and made a low of 1336.10. One may keep holding the short positions in the stock. It holds support at 1330, crossing of this level may bring some more downward movement in coming trading sessions and take the stock till the levels of 1310.
RESISTANCE -1535
SUPPORT - 1330
BHEL
The stock is continuously moving in a downtrend from last few weeks. It's trading below its 10 days and 50 days moving average. We have already mentioned about the stock that one may go for sell on rise strategy until it crosses 2290 in upside and hold the short positions in this stock. It now faces support at 2100, crossing of which may bring some more selling pressure in the stock.
RESISTANCE - 2425
support - 2180
TATA MOTOR
Today it moved slightly negative, it has immediate support at the level of 1175 if it crosses this level then it may indicate trend reversal , else it may continue its existing trend if it crosses it strong resistance of 1260.
RESISTANCE - 1330
SUPPORT - 1175
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