Thursday, August 15, 2013

14th Aug Review

Nifty:
5720 resistance was tested.The stock went above and formed a support at 5700 levels. The low formed at 5700 level.

TCS:
Support at 1800 was tested instead of 1810. The range was 1800-1855. 1810 was broken but 1800 support was present. This could be interpreted as 1810 being 1800 in reality.

ITC:
There was resistance at 336.5. Support formed at 330 levels. Resistance at 340 was never touched. Support was formed in the first 2 hours and then stock moved upwards.

CIPLA:
Resistance at 430 leveles was tested. The stock came down to 420 levels. There was negative bias. A support may have been formed. We will know if it is held.

BHARTI:
The stock remained above 340 but the stock moved downwards instead of said upwards.

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