ACC Tomorrow

The stock continued its sideways trend today as well. The stock faces resistance at 1007, crossing of this level may take the stock further upward till the levels of 1020-1030, while it has support at 949; breach of this level may take the stock down till the levels of 940-930. One has to wait for crossing of levels on either side
before taking any positions in it.
R-1007
S-949

Nifty Tomorrow

Benchmark Indies S&P CNX NIFTY (NSE Index) ended in the green despite of selling pressure intensified in the last half an hour of trade and closed above 5400 mark. It was up by 0.25 points. The Indian VIX which is currently at 24.69 and it was up by 0.28 % % or 1.14 points indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 5405.05, up 18.05 or 0.34 %. It is looking bearish in the coming trading session if it manages to break the support level of 5350 else above 5566 it would be in a bullish trend.

SBI Tomorrow

The stock tried to take support at lower levels earlier and is consolidating currently. It has support at 2712 while resistance at 2720. One has to wait for crossing of levels on either side before taking any positions in it.
R - 2720
S- 2610

Suzlon Hold Tomorrow

Hold. Problems at Suzlon are going on for a long time. But the scale of operation is big and it is a monopolistic company in renewable energy with no major competitor. The stock is likely to go up from here in the medium to long term. Downside in the counter is restricted. If the stock moves over 63, it can jump to 100 levels.

Tata motor looking for sell

Sell. The stock is trading near the 200 day moving average. The stock could face more pressure and could fall to around 950 level. Investors could re-enter at 920 level.

Hindalco go for hold

Hold. The stock is making a double top at around 250 level. Stop loss for the stock is around 217. It is trading in an intermediate trading range 217-250. Hold. The stock is holding out at 220 levels. Fundamentals are strong and the market is only concerned over its subsidy Novelis. No dramatic change is expected in the stock movement.

AXIS Bank Tomorrow with Bearish

The stock continued to move in bearish trend today as well and made a low of 1150. Now it has major support at 1145, breach of this level may continue its bearish trend else it may also bounce back from lower support levels.
R - 1243
S - 1145

Hero Honda Tomorrow- Bearish trend

Hero Honda Tomorrow
Hero Honda has made new 52 weeks low in the today's session. The stock is trading with negative bias and closed near the day's low. The stock has important support level of 1460 in the short run. So below which if the stock price sustains then downtrend may continue in the near term.
R - 1510
S - 1400

Todays market analysis

The Sensex closed down by 1.0%, while the Nifty closed lower by 1.1%. The mid-cap and small-cap indices underperformed the benchmark indices with losses of 3.6% and 4.3%, respectively. Among the front liners, M&M, HDFC, DLF, Infosys and HDFC Bank gained 14%, while Reliance Infra, RCOM, Jaiprakash Associates, Hindalco Industries and Hero Honda lost 519%.

Jindal Steel & Power for tomorrow

It is taking support at the level of 608, from the last few trading session it was moving in a downward trend in today's trading session it was down by 2.75 %. One can go for short position in it at 608 below this level it would be in a bearish trend else above 625 it would be in a bullish trend.
R - 627
S - 604