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

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

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

The stock tried to recover but later slipped down to lower levels. The stock is now facing a resistance at 320 and support at 313. The stock is looking bearish on charts below the support level. Breaching of lower levels might take stock to further down levels up to 309 and below.

R - 320

S - 313

The stock showed volatile movement during the trading hours. It now has a support at 284 and resistance at 290. One should avoid entering in the stock as it is expected to remain volatile and may face an either side movement in coming trading sessions. Else breaching of support level may take stock further downwards.

R - 290

S - 284

The stock has shown a downside movement by breaching its support level and again consolidating with the major sideways trend now having support at the level of 813. Now in the forth coming session it is may breach this level and move further downward, if it continues to trade with the negativity.

R - 904

S - 813

The stock moved down and was consolidating during the trading hours. The stock is now facing resistance at 440 and has support at 418.Break of support may take the stock further down. One may go for selling the stock once it breaks its support level.

Resistance - 440

Support - 418

JINDAL STEEL AND POWER had taken little recovery in today's session. The stock has resistance level at 635 and support level at 618. It is expected to remain volatile in short term, also above the resistance level positive movements can be seen in the stock.

Resistance - 646

Support - 620

ONGC battered down to the level of 263.10 and it is now trading at 265.65, it is now trading and closes below the 10 days and 50 days moving averages. It is now looking weak on charts. One can go for short position in it at 263 for the target of 245.

Resistance - 272

Support - 263

After making a low of 1007.50 it is continuously moving in an upward trend and it and made a high of 1057.90. It has resistance at 1062 and support at 1034. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 1062 else below 1034 it would be in a downward trend.

Resistance - 1062

Support - 1064

It is taking resistance at 927 and support at 900. It is looking strong on charts from this level further upside of movement would be expected, one can go for long position in at 927 above this level it would be in an upward trend else below 900 it would be in a downward trend.

Resistance- 927

support - 900

The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at 235, crossing of this level will take the stock further upwards else it may have some correction also after a sharp upturn.

Resistance - 235

Support - 217

The stock moved down during the trading hours thus continuing its downtrend. The stock is now facing resistance at 650 and has support at 630. A further correction can be seen in the stock once it breaks its support. One may go for selling the stock once it breaks its support.

Resistance - 650

Support - 630

After a continuous up rally in the stock the stock showed some profit booking during the trading hours. The stock is now facing resistance at 310 and has support at 295. Break of its support may take the stock further down and one can go for selling the stock once it breaks its support.

Resistance - 310

Support - 295

Jindal Steel & Power found support at 620 which served as strong support levels. In today's trading session it manages to trade and close above the 10 days and 50 days moving averages. It is looking weak on charts below 620 it might be in a downward trend.

Resisatnce - 650

Support - 620

The stock after having a bearish phase previously has successfully tried to take support and had an up rally. The stock managed to reach the mentioned levels in today's trading session. One could still hold the long positions in the stock as it is expected to move till the levels of 1465-1470 in near term.

Resistance - 1465

Support - 1385

The stock was not able to sustain at higher level and moved down during its trading hours. The stock is presently facing resistance at 1678 and has support at 1600. Break of support may take the stock further down. The stock is close to its support and one can go for selling the stock once it breaks its support.

Resisatnce - 1678

Support - 1600

ICICI bank has volatile trading session today. Though major trend is positive for the stock, but short term trend is not clear. The stock has resistance level at 1110 and it has support level at 1067. In the short term, some consolidation with positive biasness can be seen in the stock.

Resistance - 11110

Support - 1076

It is taking resistance at 1020 and support at 997. It is looking bearish in the coming trading session, one can go for short position in at 997 else above 1020 it would be in an upward trend.

Resistance - 1020

Support - 997

The 50-share S&P CNX Nifty finally settled at 5,505.90 after losing 6.25 points or 0.11%. Nifty February 2011 futures closed at 5524.40, at a premium of 18.50 points over spot closing of 5505.90, while Nifty March 2011 futures were at 5540.00, at a premium of 34.10 points over spot closing. The near month February 2011 derivatives contracts expire on Thursday, February 24, 2011. Nifty February futures saw an addition of 13.07% or 2.67 million (mn) units, taking the total outstanding open interest (OI) to 23.09 mn units. For Nifty calls, 5600 strike price (SP) from the February series was the most active call with addition of 0.37 mn or 10.94%. Among Nifty puts, 5400SP from the February month expiry was the most active put with an addition of 0.87 mn or 13.03%. The maximum Call OI outstanding was at 5600 SP (3.76mn) and that for Puts at 5400 SP (7.62mn). The Nifty Put Call Ratio (PCR) OI wise stood at 1.15 for February-month contracts.

The 50-share NSE index fell 1.12 per cent to 5,450.35. The BSE Sensex fell as much as 1.6 per cent early on Monday, taking cues from lower other Asian markets as deadly protests in Egypt sparked fears of unrest throughout the Middle East and prompted sell-off of risky assets. Infosys and ICICI Bank led the losses in India. The main 30-share BSE index was down 1.4 per cent at 18,142.70 points by 0349 GMT, with all but one of its components in the red.

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The stock is consolidating currently after showing sharp fall previously. It now faces major support at 968, breach of this level may continue the bearish trend for the stock else it may also bounce back from lower support levels. It has resistance at 1057.

RESISTANCE -1057

SUPPORT - 968

The stock is moving in a sideways trend currently and today it tried to take support at lower levels. It now faces resistance at 134.50 while support at 123. One has to wait for crossing of levels on either side before taking any positions in it.

RESISTANCE SUPPORT

134.50 123

The stock is consolidating currently. It has major support at 335; breach of this level may continue the bearish trend for the stock while it has resistance at 360, crossing of this level may bring some up rally for the stock.

RESISTANCE SUPPORT

360 335

Hindalco is holding strong support at 220 from the last few trading. So this will be crucial level moving forward in the coming time. The stock is trading firm and above the resistance level it may show some more upside in the coming time.

RESISTANCE SUPPORT

241 230

It is taking support at the level of 676, from the last few trading session it was moving sideways in today's trading session it was up by 2.34 % form this level further upside movement would be expected. One can go for long position in it at 722 above this level it would be bullish in trend else below 676 it would might face more selling pressure.

RESISTANCE SUPPORT

722 676

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