Stocks For Tomorrow
Tata Motor Strategy for Tomorrow
Shares of the automobile company declined Rs 32.9, or 2.53%, to settle at Rs 1,267.70. It touched a high of Rs 502.70 and a low of Rs 453.15. Shares of the company declined following its weakness of its ADR, or American depository receipt on the New York Stock Exchange. The shares of the company declined 2.49% to USD 29.40 on the New York Stock Exchange on Monday, Dec 27, 2010. It touched a high of Rs 1,306.90 and a low of Rs 1,262.05. If that has been broken, then the next logical target would be 1,210. Hence on the downside, the target support for stock is 1,250-1,210. However, 1,300 stiff resistance only above 1,300, the counter would see momentum.
SUPPORT RESISTANCE
1307 1253
Reliance Capital Strategy For Tomorrow
Reliance Capital from the last few trading session moving sideways and it was up by 0.47 %. It is now taking resistance at 673 and support at 625. In order to be in an uptrend it has to trade and consolidate above the 10 days and 50 days moving averages. It is looking bullish in the coming trading session if it manages to trade and consolidate above the resistance level of 673 else it has support at the level of 625 below this level it would be in a bearish trend.
SUPPORT RESISTANCE
673 625
Reliance Industries
It is taking resistance at 1033 and support at 1033.It is looking positive in the coming trading session one can go for long position in at 1075 else below 1033 it would might face more selling pressure.
SUPPORT RESISTANCE
1075 1033
Sun Pharma
Sun Pharma after making a low of 423 it is continuously moving in an uptrend it is now trading near to the new 52 week high. It is now taking resistance at 485 and support at 466. It is looking positive in the coming trading session if it manages to trade above the resistance level of 485 else below 466 it would be in a bearish trend.
SUPPORT RESISTANCE
485 460
Hindalco
Hindalco has bullish trend. The stock is consolidating at the higher level and above the resistance level it may continues to trade in uptrend in the coming time. SUPPORT RESISTANCE
242 232
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