NIFTY:
Nifty has strong resistance at 5720 levels. 5620 will be the new support from now. The trend might continue as the stock is between bollinger bands on the 30 min chart. A breach on the upper side followed by a touch to the lower band will signal a good support. The prediction is for index to remain above 5675 and move upwards.with a possible low forming towards 5700 levels.
TCS:
Support at 1810 is being tested today. The range is 1810-1840. If the stock remains in the range then the stock will be ready to move upwards. If 1810 breaks then 1780 is the next support. The prediction is that 1810 will hold and the stock will start a bullish turn now.
ITC:
There is very good support at 320 levels and 325 levels.335 seems to be another support forming. The volatility has dropped drastically. There is resistance at 340 levels. Even if it goes below 325 should be easily maintained. There might be support forming between 330 and 335 levels. The prediction is the stock will move upwards after forming a support in the first 2 hours.
CIPLA:
Cipla has a weak support at 415 levels. It formed half an inverted bowl and then a flag pointing towards right. Better drawn as (_F. It has resistance at 430 levels. It should hit a wall and come down and spend a day at 420 levels. The reason for this is that the bollinger bands have contracted and need expansion. The most comfortable way seems downwards.The prediction is stock remains between 430 and 420 with negative bias as in forming a support.
BHARTI:
Bhart is on an upward move with support at 340. It should continue without much support, as it seems the major trend for the day is upwards. The prediction is stock remains above 340 and move upwards.
Nifty has strong resistance at 5720 levels. 5620 will be the new support from now. The trend might continue as the stock is between bollinger bands on the 30 min chart. A breach on the upper side followed by a touch to the lower band will signal a good support. The prediction is for index to remain above 5675 and move upwards.with a possible low forming towards 5700 levels.
TCS:
Support at 1810 is being tested today. The range is 1810-1840. If the stock remains in the range then the stock will be ready to move upwards. If 1810 breaks then 1780 is the next support. The prediction is that 1810 will hold and the stock will start a bullish turn now.
ITC:
There is very good support at 320 levels and 325 levels.335 seems to be another support forming. The volatility has dropped drastically. There is resistance at 340 levels. Even if it goes below 325 should be easily maintained. There might be support forming between 330 and 335 levels. The prediction is the stock will move upwards after forming a support in the first 2 hours.
CIPLA:
Cipla has a weak support at 415 levels. It formed half an inverted bowl and then a flag pointing towards right. Better drawn as (_F. It has resistance at 430 levels. It should hit a wall and come down and spend a day at 420 levels. The reason for this is that the bollinger bands have contracted and need expansion. The most comfortable way seems downwards.The prediction is stock remains between 430 and 420 with negative bias as in forming a support.
BHARTI:
Bhart is on an upward move with support at 340. It should continue without much support, as it seems the major trend for the day is upwards. The prediction is stock remains above 340 and move upwards.
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