Sunday, October 10, 2010

Technical Analysis for IntraDay trade- Sensex Stocks

Dear Investors,
From today onwards, we will provide Intra Day Technical Analysis for selected Sensex stocks.

Meaning of Key terms in the analysis.

Support: A support level is a price level where the price tends to find support as it is going down. This means the price is more likely to "bounce" off this level rather than break through it.
Resistance: A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. This means the price is more likely to "bounce" off this level rather than break through it
Buy - Technical analysis supports Buy decision. Stock May rise during day.
Stay Away/ Sell - Technical Analysis supports Sell decision. Stock may fall during the day.

The analysis is valid for particular day only.

BSE Sensex--CMP 20250.26, Stay Away, Support 20127.6, Resistance 20391.1
NIFTY--CMP 6103.45, Sell, Support 6064.1, Resistance 6145.7

Tcs Ltd.--CMP 941.55, Stay Away, Support 929.8, Resistance 954.2
Tata Steel--CMP 626.95, Stay Away, Support 611, Resistance 652.5
Tata Motors--CMP 1104.9, Stay Away, Support 1084.7, Resistance 1132.4
Reliance Infra--CMP 1073.9, Stay Away, Support 1058.2, Resistance 1093.7
Reliance--CMP 1048.25, Buy, Support 1034.7, Resistance 1057.2
Ongc Corpn--CMP 1362.15, Stay Away, Support 1348.1, Resistance 1385.1
Ntpc Ltd--CMP 214.3, Stay Away, Support 212.3, Resistance 216.6
Mah & Mah--CMP 705.8, Stay Away, Support 689.7, Resistance 727.2
Larsen & Tou--CMP 2041.9, Stay Away, Support 2023.5, Resistance 2062
Itc Ltd.--CMP 172.05, Stay Away, Support 170.1, Resistance 173.6
Icici Bank--CMP 1127, Stay Away, Support 1117.3, Resistance 1138.5
Hindalco--CMP 214.5, Buy, Support 211.4, Resistance 217.3
Hind.Lever--CMP 295.85, Stay Away, Support 292.7, Resistance 299.5
Hdfc Bank--CMP 2403.45, Stay Away, Support 2381, Resistance 2435.9
Hdfc--CMP 717.85, Stay Away, Support 708.4, Resistance 729.7
Bhel--CMP 2580.05, Stay Away, Support 2558.4, Resistance 2615.4
Bharti Airtel--CMP 351.35, Stay Away, Support 347.1, Resistance 357.6

- BhagyAmol.

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