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Stock For Tomorrow
Ambuja Cement
The stock continued to move in an up rally after crossing its resistance last week and had a correction in today's session. One should now wait for further movement in this stock as a short term correction is expected. It has next major resistance at 134.50.
resistance - 134.50
Support - 124.50

HDFC Bank is consolidating in a tight range of 2130- 2245. So buying on dip will be good strategy in the stock till it's sustained above the support level of 2130.
Resistance - 2245
Support - 2130

ITC has found support at 165 and resistance 173.In today's trading session it manages to trade and close below the 10 days and 50 days moving averages and it is now trading at 170.05, from this level further upside of movement would be expected. It has resistance at 173 above this level it would be in an upward trend.
Resistance - 173
Support - 165

Kotak Mahindra Bank
Kotak Mahindra Bank from the last few trading session moving in a particular price range of 400-440. It manages to trade above the 10 days and 50 days moving averages, from this level further downside of movement would be expected. In coming trading session it manages to trade and sustain below the support level of 419 it would be in a downward trend.
resistance - 426
Support - 419

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