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Intraday Tips for Thursday- Technical Overview 12 May

Discussion in 'Stock Market News & Analysis' started by rohans305, May 11, 2011.

  1. rohans305

    rohans305 Member

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    WIPRO
    WIPRO consolidated in today's trading session and it remained range bound. The stock has support level at 432 and it is looking weak below this level. It has resistance level at 443. In short term it is expected to consolidate with negative biasness.
    Resistance2- 445.83, Resistance1- 441.12, Pivot Point 438.18, Support1- 433.47, Support2- 430.53
    TCS
    TCS today showed consolidation and closed almost flat. The stock has support level at 1108 and resistance level at 1162. As the stock is not able to resist at higher levels, one may go for sell on rise strategy in it.
    Resistance2- 1164.2, Resistance1- 1151.1, Pivot Point 1138.6, Support1- 1125.5, Support2- 1113
    TATA STEEL
    TATA Steel consolidated in today's trading session also. The stock has major support level at 581 and it is looking weak below this level. The stock faces resistance from the level of....read more
     
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