Markets opened on a flat note and after making a high of 4,163 briskly went down without iving a single bounce. It also breached the previous swing low in the process, which was an important support for the markets. The Sensex is at a very critical level at the moment, as the parallel channel has been breached on downside. So now the gap area of 12,899-12,905 will act as a support zone.
Reliance close below 2100 and its negative for reliance if break 2050 then more down side up to 1960. Reliance have a major resistance near 2150.
Rcom break its major support level 450 then its next tgt 400
AFL Buy above 85 tgt
Delivery Call:- Tube INvestments of india.
Tube Investments of India (TII),They are manufacturer of BSA cycle. and they recently enter & launch E-Bykes. Bicycle manufacturer, has forayed into the e-bike segment with the launch of three models - BSA 250, BSA 500 and BSA 800. Priced between Rs 23,000 and Rs 36,000, they will be marketed under the BSA brand. The low-speed e-bikes come with a top speed of 25 kmph and high-speed models will run up to 45 kmph. The company is planning to sell 4,000 to 5,000 e-bikes a month. The e-bikes market in India is around Rs 450 crore and is expected to double in a year.
Scrip Name Support Levels Close Resistance Levels Action
--------------------------S1---- S2---- (Rs)---- R2---- R1
NIFTY Futures-3900--3940--3960-- 4000--4060--Sell below S2/Buy above R2.
Adlabs Film------415-----432----440----449----456---Sell below S2.
Century Text----490-----500----507----513-----522--Sell on rise to R2.
DLF-------------380-----390----396----407----417---Buy on decline at S2.
ICICI Bank------600-----615----630---- 643----660--Sell on rise to R2.
J P Associates---137-----140----144-----150-----159----Buy above R2.
Reliance--------2030---2076---2093--2110---2135---Sell below S2.
Reliance Capital-870----891-----902----927---944----Sell on rise to R2/Sell below S2.
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