Trading strategies for index stocks
S&P CNX NIFTY CMP 8042.00
Near Term: A small technical correction is expected on charts whereas support
on chart is expected around 7980.00
Intraday trading Levels Buy Above: 8053 Resistance 8060 | 8071 | 8089
Sell Below: 8031 Support 8024 | 8013 | 7995
Weekly Levels 8135 Resistance 8152 | 8181 | 8228 Sell Below: 8076 Support 8059
| 8030 | 7983
HDFC CMP 1034.10
Near Term: Trend is down on charts whereas support on charts is expected around
1020.00
Intraday trading Levels Buy Above: 1040 Resistance 1043 | 1048 | 1057
Sell Below: 1029 Support 1025 | 1020 | 1011
Weekly Levels 1058 Resistance 1063 | 1071 | 1084 Sell Below: 1042 Support 1037
| 1029 | 1017
RELIANCE CMP 1002.75
Near Term: Trend is down on charts whereas support is expected around 980.00
Intraday trading Levels Buy Above: 1005 Resistance 1007 | 1010 | 1014
Sell Below: 1000 Support 999 | 996 | 992
Weekly Levels 1023 Resistance 1028 | 1036 | 1049 Sell Below: 1008 Support 1003
| 995 | 982
ACC CMP 1512.65
Near Term: Trend is down on charts whereas support is expected around 1490.00
Intraday trading Levels Buy Above: 1519 Resistance 1522 | 1528 | 1538
Sell Below: 1507 Support 1503 | 1497 | 1488
Weekly Levels 1544 Resistance 1550 | 1561 | 1577 Sell Below: 1524 Support 1518
| 1508 | 1492
SBIN CMP 2623.25
Near Term: Range bound on charts (2650 - 2600) trade above/below would add
trigger in the direction.
Intraday trading Levels Buy Above: 2635 Resistance 2642 | 2654 | 2673
Sell Below: 2612 Support 2604 | 2593 | 2574
Weekly Levels 2658 Resistance 2674 | 2702 | 2746 Sell Below: 2603 Support 2586
| 2559 | 2515
TCS CMP 2558
Near Term: Trend is down on charts whereas support is expected around 2530.00
Intraday trading Levels Buy Above: 2574 Resistance 2583 | 2598 | 2623
Sell Below: 2543 Support 2534 | 2518 | 2494
Weekly Levels 2625 Resistance 2637 | 2654 | 2683 Sell Below: 2590 Support 2579
| 2561 | 2532
