The stock showed an up movement during the trading hour. The stock is now facing resistance at 510 and has support at 495 which is the 50 day moving average of the stock. As the stock closed with positive biasness a further up movement can be seen in the stock once it breaks its resistance level. One may go for buying the stock once it breaks its resistance level.

R - 510

S - 695

JINDAL STEEL AND POWER showed negative biasness and made an intraday low of 638. The stock has resistance level at 663 and support level at 625. It is expected to consolidate and remain range bound; also crossing of resistance level may take the stock at higher levels.

R - 663

S - 625

After a high of 290 ONGC has corrected and made a low of 274.60. In today's trading session it manages to trade near to the support level of 273, from this level further downside of movement would be expected. The stock has a resistance level of 282 and support at 273 .It is looking bearish in the coming trading session; one can go for short position in it at 273 for the target of 250.

R - 282

S - 272