Technically the market is still weak and the recent low of 5,135 can be tested and the next logical target on the down side is 5,117...strong resistance 5,260 zones. The market unfolded holding on to our first line of defence of 5,170 and closing flat...technically the market is still weak and may see some more upside to around 5,280-5,290 zones.

The crucial support for the Nifty is at 5,180-5,135-5,1
17 and the resistance is at 5,380-5,390

Hot Stocks for Tomorrow 21 June 2011

AXIS BANK
R2: 1258.12
R1: 1240.33
PP: 1226.92
S1: 1209.13
S2: 1195.72
 
TECHNICAL OVERVIEW
The stock is currently consolidating with positive biasness. One can go for buying on dip strategy in the stock till it breaches the level of 1205 in downside as it is expected to move till the levels of 1280-1285 in coming trading sessions.

RELIANCE COMMUNICATION
R2: 97.43
R1: 96.32
PP: 94.53
S1: 93.42
S2: 91.63

TECHNICAL OVERVIEW
The stock is in short term down trend. It is looking bearish in the coming trading session if it manages to trade and consolidate below the 10 days and 50 days moving averages. One can go for short position in it at 86 for the target of 70.

JAIPRAKASH ASSOCIATES
R2: 84.6
R1: 83
PP: 82.05
S1: 80.45
S2: 79.5

TECHNICAL OVERVIEW

JP ASSOCIATES breached its major support level and made intraday low of 77.20. The stock has resistance level at 83 and support level at 76. In short term it is expected to consolidate with negative biasness and may test its support level.

Hot Stocks for Tomorrow 17 June 2011

Ambuja Cements Ltd
Details Technicals for17-06-2011
Open129.25Resistance 3134.46
Last close 131.90Resistance 2132.43
Today's high130.40Resistance 1128.81
Today's low 124.75PP (Pivot Point) 126.78
Volume 3,606,164Support 1123.16
52-Week high106.00Support 2121.13
52-Week low44.00Support 3117.51

Reliance Infrastructure Ltd
Details Technicals for17-06-2011
Open557.80Resistance 3611.74
Last close 563.90Resistance 2596.87
Today's high582.00Resistance 1585.69
Today's low 555.95PP (Pivot Point) 570.82
Volume 1,942,392Support 1559.64
52-Week high1224.00Support 2544.77
52-Week low492.05Support 3533.59

Punjab National Bank
Details  Technicals for17-06-2011
Open1060.00Resistance 31085.75
Last close 1082.85Resistance 21075.65
Today's high1065.55Resistance 11061.25
Today's low 1041.05PP (Pivot Point) 1051.15
Volume 397,844Support 11036.75
52-Week high1399.90Support 21026.65
52-Week low970.30Support 31012.25

Free Intraday stock tips for today 16 June 2011

Dabur may test Rs 125
Buy SBI on decline
Buy Reliance on dips
Buy Sun TV Network at lower level
Pantaloon Retail has strong resistance at Rs 320
Hold Shoppers Stop with stop loss of Rs 430
GSPL has target of Rs 144
Buy Aban Offshore; target of Rs 647
Bajaj Hindusthan has intraday target of Rs 72
Buy Voltas, target of Rs 173
Buy IFCI, target of Rs 52
MRPL may move to Rs 83
Amara Raja Batt has target of Rs 228

Hot stocks for tomorrow 16 June 2011

Reliance Communication Ltd
Details Technicals for16-06-2011
Open95.15Resistance 397.86
Last close 95.60Resistance 296.88
Today's high95.90Resistance 195.21
Today's low 93.25PP (Pivot Point) 94.23
Volume 3,425,017Support 192.56
52-Week high541.40Support 291.58
52-Week low131.10Support 389.91

Hero Honda Motors Ltd
Details Technicals for16-06-2011
Open1735.35Resistance 31788.64
Last close 1736.15Resistance 21771.82
Today's high1755.00Resistance 11759.39
Today's low 1725.75PP (Pivot Point) 1742.57
Volume 213,531Support 11730.14
52-Week high2094.00Support 21713.32
52-Week low1375.75Support 31700.89

Wipro Ltd
Details  Technicals for16-06-2011
Open437.00Resistance 3450.81
Last close 436.85Resistance 2444.63
Today's high438.45Resistance 1434.51
Today's low 422.15PP (Pivot Point) 428.33
Volume 2,074,171Support 1418.21
52-Week high500.00Support 2412.03
52-Week low372.10Support 3401.91