In today’s trading session, the stock moved upward and showed some correction. The stock is trading above its 10 and 50 period moving averages. It now has next resistance level at 1237 and support level at 1178. In upcoming session, it may show downward trend, if breaches its support level.

Bajaj Auto showed downward trend but at the end it showed some correction. The stock has resistance level at 1768 and support level at 1665. The stock is trading below its 50 period moving averages, so negative biasness is expected to continue in it. One may go for selling the stock once it breaks its support level.

COAL INDIA as expected continued its negative biasness today and made intraday low of 325.50. The stock faces resistance level at 340 and support level exists at 323. It is expected to remain range bound in short term, and some recovery can be seen in it.

After a gap up opening stock manages to move downside with a consolidation face and closes with a moderate loss. The stock is following short term uptrend and above the resistance stock is looking strong but some correction can be expected.