Options for Tomorrow
On the call options front addition of open interest was witnessed in last trading session at strike price of 5000 and 5100. On the put options front we have seen addition of open interest in last trading session at strike price of4700 and 4800.
The strike price witnessed highest addition of open interest in the August Series. In coming sessions market may trade in a range of 4800-5100. On the call option front strike price with the highest open interest i.e. 5000 and 5100 may act as resistance on the up side whereas on the put option front strike price with the highest open interest i.e. 4700 and 4800 may act as a support on the downside.
DLF for Tomorrow
DLF is exhibiting a bullish trend in the recent sessions managing to trade at the higher levels. It is presently facing resistance at the level of 218 where the stock is likely to consolidate showing some correction in the forth coming session. Breach of the immediate support level of 204 may show a downside movement.
RESISTANCE: 218
SUPPORT: 204
HDFC Bank for Tomorrow
The stock is showing a straight up rally from past many sessions gaining strength with the crossing of every immediate resistance. Presently it is sustaining at the higher levels facing major resistance at the level of 497. The stock is likely to rest and consolidate for a while in the upcoming session. It is having immediate support at the level of 477 below which the stock may show some correction. The stock is likely to consolidate more in the forth coming session or else it may manage to move upward with the crossing of the resistance.
RESISTANCE: 497
SUPPORT: 477
Axis Bank for Tomorrow
The stock has shown downward movement during the market and ended up on a positive note. It is now facing a resistance at 1480 and support has support at 1430. The stock has been consolidating with negative biasness from past few trading sessions. Breaching of the support level may take stock further down.
RESISTANCE: 1480
SUPPORT: 1430
BHEL for Tomorrow
The stock remained volatile and ended up with down rally. It is now facing a resistance at 276 and support at 263.If it fails to sustain at current levels then further downward movement could be expected in the stock. One should wait for crossing of either side levels.
RESISTANCE: 276
SUPPORT: 763
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