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.

1 comments:

Dinesh Rishi { February 10, 2012 at 6:55 AM }
Online Technical Analysis Course

http://otacourse.blogspot.in/

Leave a Comment