Axis Bank Future
The stock today managed to breach its support level and had a downfall. It now holds major support at 1150, breach of this level may take the stock further down else it may also bounce from lower support levels.
R - 1231
S - 1160
Gail India Future
The stock opened gap down and then moved up during the trading hour and closed on positive note. The major trend presently in the stock is sideways. The stock is now facing resistance at 444 and has support at 430. As the stock closed with positive biasness a further up movement can be seen in the stock once it breaks its resistance level.
R - 445
S - 430
HDFC Bank Future
The stock showed a up move during the trading hour and closed on positive note. The trend presently in the stock is weak. The stock is now facing resistance at 478 and has support at 455. 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 - 478
S - 455
Reliance Industries Future
After consolidating in a range of 750-790, the stock has resumed it downtrend with trading near to the support level of 753 and it is now trading at 760.90, from this level further downside of movement would be expected. It is looking weak on chart; one can go for short position in it at 753 for the target of 735.
R - 800
S - 753
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