Nifty - 50 Stock For Tomorrow
Tata motors
Tata motors has bullish trend. The stock made a new 52 weeks high in the today's session and closed above the resistance level of 1350. So it may continue the uptrend in the coming time.
SUPPORT RESISTANCE
1375 1320
TATA STEEL
Tata steel has bounced back from the support level of 575. The stock is looking bullish and has strong closing so above the immediate resistance level of 640 it may continue to trade in bullish trend.
SUPPORT RESISTANCE
640 620
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POWER GRID CORP
After making a low of 91.80 it is continuously moving in an uptrend. In today's trading session it manages to trade above 50 days moving averages from this level either side of movement would be expected. It is looking positive in the coming trading session one can go for long position in it at 100 else it had support at 98 below this level it would might face more selling pressure.
SUPPORT RESISTANCE
100 98
Hero Honda
Shares of the two-wheeler motorcycle company plunged Rs 58.6, or 3.2%, to settle at Rs 1,773.85. The total volume of shares traded was 112,287 at the BSE (Monday).It touched a high of Rs 1,810 and a low of Rs 1,745. On technical charts it can move down around 1600-1650 levels and hence we recommend investors to avoid the counter in the near term.Hero Honda is trading in bearish trend. The stock has closing below the support level of 1775. So the stock may show some more downside in the coming time.
SUPPORT RESISTANCE
1840 1750
Hindalco Industries
The committee of Hindalco Industries in its meeting on 06 December 2010 has passed the resolution for allotment of 7,11,372 equity shares of Re. 1 each fully paid up for entitlement of rights shares kept in abeyance due to court matters.Hindalco has bounced back from the support level of 192. The stock has bullish trend and above the immediate resistance level of 225 the stock may continue to trade in uptrend.
SUPPORT RESISTANCE
225 212
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