The stock is currently consolidating from last a few weeks after a sharp fall previously. The stock has tried to test its major support level once previously. If it manages to sustain below this one may expect further downfall in this. One could go for sell on rise strategy in this stock.

R - 1950

S - 1875

The stock is currently moving in a bearish trend. The stock managed to breach its support level and made alow of 211.30, one could still hold the short positions in the stock as it is expected to move till the levels of 209-207 in coming trading sessions.

R - 228

S - 207

The stock showed a continuous down movement during the trading hour and marked a low of 310. The stock is now facing resistance at 316 which is 10 day moving average of the stock and has support at 307. As the stock ended on negative note a further down movement can be seen in the stock once it breaks its support level. One may go for selling the stock once it breaks its support level.

R - 316

S - 307