Intraday Tips (Wednesday, 23rd March)
Posted: Tue Mar 22, 2011 8:41 am
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ITC
ITC has found support at 165 and resistance 173.In today's trading session it manages to trade and close below the 10 days and 50 days moving averages and it
is now trading at 170.05, from this level further upside of movement would be expected. It has resistance at 173 above this level it would be in an upward trend
R2- 172.88, R1- 171.47, PP 169.48, S1- 168.07, S2- 166.08
TATA POWER
Tata power has closed with the moderate gains on daily basis, it was up by 0.96 %. The stock is now trading with the positive bias and looking strong. So above the resistance level of 1250 it may show some more uptrend in the coming trading sessions.
R2- 1262.8, R1- 1252.4, PP 1239.3, S1- 1228.9, S2- 1215.8
TCS
TCS is moving in a downward trend. So buying on dip will be good strategy in the stock till it holds the support level of 1059.
R2- 1087.83, R1- 1078.67, PP 1070.83, S1- 1061.67, S2- 1053.83
ITC
ITC has found support at 165 and resistance 173.In today's trading session it manages to trade and close below the 10 days and 50 days moving averages and it
is now trading at 170.05, from this level further upside of movement would be expected. It has resistance at 173 above this level it would be in an upward trend
R2- 172.88, R1- 171.47, PP 169.48, S1- 168.07, S2- 166.08
TATA POWER
Tata power has closed with the moderate gains on daily basis, it was up by 0.96 %. The stock is now trading with the positive bias and looking strong. So above the resistance level of 1250 it may show some more uptrend in the coming trading sessions.
R2- 1262.8, R1- 1252.4, PP 1239.3, S1- 1228.9, S2- 1215.8
TCS
TCS is moving in a downward trend. So buying on dip will be good strategy in the stock till it holds the support level of 1059.
R2- 1087.83, R1- 1078.67, PP 1070.83, S1- 1061.67, S2- 1053.83