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Intraday Tips for Thursday 2 June 2011- Technical Overview

Discussion in 'Stock Market News & Analysis' started by rohans305, Jun 1, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    After making a high of 79.40 this stock is moving in an upward trend and made a high of 95. It is now taking support at 88 and resistance at 95. It is looking bullish in the coming trading session if it manages to trade the resistance level of 95 else below 88 it might face more selling pressure.
    Resistance2- 98.72, Resistance1- 96.33, Pivot Point 92.72,
    Support1- 90.33, Support2- 86.72
    NTPC is in negative trend, today it showed sideways movements and closed almost flat. The stock has support level at 165 and resistance level at 173. In short term it is expected to consolidate with negative biasness and to test its support level.
    Resistance2- 179.25, Resistance1- 177.15, Pivot Point 173.35,
    Support1- 171.25, Support2- 167.45
    The stock is consolidating and tried to take support at lower levels and is now moving in an up rally. Its next resistance is at....read full post

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