Intraday Tips for Wednesday 25 May 2011- Technical Overview

[roma73]

AMBHUJA CEMENT
The stock is consolidating and tried to take support at lower levels and had an up rally in today's trading session. One could go for sell on rise strategy in the stock until it crosses the level of 137 in upside.
Resistance2- 141.13, Resistance1- 138.77, Pivot Point 134.63,
Support1- 132.27, Support2- 128.13
ACC
The stock is consolidating currently. It now has next support at 960, breach of this level may continue the bearish trend of the stock else it may also bounce back from lower support levels and has resistance at 1002, crossing of which will take it further upwards.
Resistance2- 1019.27, Resistance1- 1007.68, Pivot Point 988.02,
Support1- 976.43, Support2- 956.77
DR.REDDY LAB
After going up during the earlier trading hours the stock was not able to sustain at its resistance level and moved
down during the trading hours. The trend presently in the stock is weak. The stock is now facing resistance at....read more