Intraday Tips for Thursday 26 May 2011- Technical Overview

[roma73]

AMBUJA 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
ITC
ITC showed negative side movement today but remained range bound. The stock has resistance level at 192 and support level at 182. It is in sideways trend from last many sessions and expected to remain range bound in short term.
Resistance2- 192.63, Resistance1- 189.67, Pivot Point 187.93,
Support1- 184.97, Support2- 183.23
KOTAK MAHINDRA BANK
KOTAK MAHINDRA BANK had sideways movements in today's trading session and later it showed little recovery. The stock has support level at....read full post