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NSENIFTY-Trading market ,where resistance around 5320 and support around 5245
Intraday hurdles 5300 and 5323 ,support 5260 and 5248-45,break of Upper side it can bounce up to 5350-5360,break and sustain below 5245 it can fall down to 5200 and 5180
BANKNIFY-Resistance around 10530 and support around 10420.crossover 10530 it can move up to 10578-80 and 10620
Break below 10420 it can come down to 10340-10270
ABAN-Expect Recovery If stock cross and sustain above 505 than further upside up to 515-20 possible
Below 494-stock can come down to 486-476 !!
ACC-buy if crossand sustain above 965 tgt 973,crossover and sustain above 975 can add fuel toward 986.Support exist around 950-48.
Axisbank-Initial hurlde around 1260 and 1270,Downside break and sustain below 1245 stock can fall down to 1236-35,1227,1220
BataIndia-510 is stroung support ,smart recovery can possible if stock sustain above 520...than 526 -531 possible.
Bicon-Resistance around 340,sell below 334 sl 340 tgt 326
DLF-Wait and watch the level of 208 if break and sustain than sell...tgt 203-200-196
SBIN-Upperiside hurdle around 2175 and down side break of 2120 stock can fall down to 2080-85
GodrejInd-Read our 16 June Post
We advised to buy above 197 stock moved up to 205 if cross and sustain above 205 than 210-213 possible
Hcltech-buy above 472 can take this to 477-483
Hdfcbank-Sell below 2310 tgt 2290 -2280
Hdil-Resistance around 155 and 157 break below 150 stock can come down to 147,if break 146 than panic selling can drag this to 142
PFC-buy around 174-175 sl 172 tgt 178,180
Relinfra-Buy if sustain above 530 tgt 537-543
TCS-If sustain below 1080 than stock can come down to 1070-1063.
IMP DISCLAIMER: Above matter is technical analysis based on & conceived from charts, which are believed to be authentic over long long time. One should think of own risk first before implementing on above analysis. The author won't be liable or responsible for any legal or financial losses made by anybody.
