ACC Tomorrow

[premsharma]

ACC for Tomorrow its consolidating

ACC for Tomorrow
The stock is currently facing a tight range bound movement. It had a pull back from lower support levels and is now consolidating. It has resistance at 123; crossing of this level may take the stock further upward else it may also take resistance at higher levels.
R - 123
S - 110

 

[premsharma]

Hero Honda future tomorrow

Hero Honda has weak opening in the today's session but recover more than 50% of the losses and managed to close flat. The stock has shown uptrend in the previous sessions and if it breaches the level of 1550 then some more upside may be seen in it.
R - 1535
S - 1475

 

[premsharma]

Nifty for tomorrow

NIFTY Futures closed at 5494, up by 17.90 points or 0.33 %. It is looking bullish in the coming trading session if it manages to break the resistance level of 5566 else below 5450 it would be in a bearish trend.

RESISTANCE: It has first resistance close to the level of 5566 & above this level the next resistance is seen near the 5625 mark.

SUPPORT: It has first support close to the level of 5450 & below this level the next support is seen near 5400 mark.

 

[premsharma]

Reliance Industries Ltd buy

The stock has good support at 920-900 levels and 960 is a strong resistance. Hold with a stop loss of 900. Buy at lower levels. The company has huge asset base. Crude is rising so refining margins are likely to remain steady. The stock has underperformed in the last 1.5 years so there is limited downside. The stock is likely to touch 1250 in 12-18 months.

 

[premsharma]

Market report for the day

The BSE Sensex gathered 214.28 points or 1.18% to settle at 18,425.80. The index touched a high and a low of 18,457.49 and 18,082.66, respectively(Provisonal).21 stocks advanced against 9 declining ones on the index.

The S&P CNX Nifty accumulated 60.30 points or 1.10% to settle at 5,519.25 (Provisional).The index touched a high and a low of 5,526.25 and 5,413.10, respectively. 36 stocks advanced against 14 declining ones on the index (Provisional).

The Sensex closed at 18438, up 226 points from its previous close, and Nifty shut shop at 5518, up 59 points. The CNX Midcap index was up 0.7% and the BSE Smallcap index was down 0.1%

 

[premsharma]

JP Associats for Tomorrow

Jaiprakash Associates in the last trading battered down to 84.30 levels form 92.30. In today's trading session it made a smart recovery from the support level and it made a high of 88.85, from this level further down side of movement would be expected. It has resistance at 89 above this level it would be bullish in trend else below 82 it would might face more selling pressure.
R - 89
S - 82

 

[premsharma]

Nifty Tomorrow

NIFTY Futures closed at 5531.05, up by 77.40 points or 1.42 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5547 else below5400 it would be in a bearish trend.
RESISTANCE: It has first resistance close to the level of 5547 & above this level the next resistance is seen near the 5600 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5340 mark.

 

[premsharma]

Nifty Tomorrow

NIFTY Futures closed at 5531.05, up by 77.40 points or 1.42 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5547 else below5400 it would be in a bearish trend.
RESISTANCE: It has first resistance close to the level of 5547 & above this level the next resistance is seen near the 5600 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5340 mark.

 

[K.Boopathy]

Re: Nifty Tomorrow

Hi,
Nifty is in the wave 4 of elliot wave. If it crosses friday's high 5599, Max it may go upto 5980. If cuts yesterday's low we can see a minimum target of 5200.
And as per my calculations next 3 days should be bearish. coming friday is a crucial day for finding the trend of next 15 days.
Happy Trading

 

[premsharma]

Ambuja Cement for Tomorrow

The stock had a pull back from lower support levels and moved in an up rally last week. It is consolidating currently. If it manages to sustain above the level of 127, one may expect some more upward movement in the stock till the levels of 130-134.50 in near term.
R- 130
S - 119