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Ambuja Cement
The stock moved in a bearish trend in today’s trading session. As mentioned earlier it may try to take resistance at higher levels and reverse back after a continuous up rally. It is now facing a resistance at 165. If it manages to sustain then further up rally could be expected else it may show some short term
correction after a continuous up rally.
R - 155
S -151

Axis Bank
The stock has shown consolidated movement during the trading hours. It now has support at 977, breach of this level may take the stock downwards else it may also bounce back from these levels and may show an upward movement in short term. One should wait in stock till it consolidates at either side levels.
R - 1003
S - 978

Bharti Airtel
The stock has shown down rally during the trading hours. As mentioned previously it has taken support at lower levels and closed at 395.65. If it sustains at this level for a while a short term recovery is expected else breaching of this level may take stock further down.
R - 400
S - 391

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