Below mentioned are the Intraday Levels along with Near Term Trading Strategies for: 24-Sep-14
S&P
CNX NIFTY CMP 8017.55
Near Term: Trend is down on charts whereas support is expected around 7975
& close below this level would open doors for 7875.00
Intraday trading Levels Buy Above: 8053 Resistance 8075 | 8111 | 8169
Sell Below: 7982 Support 7960 | 7924 | 7866
Weekly Levels 8177 Resistance 8212 | 8267 | 8357 Sell Below: 8066 Support 8031
| 7976 | 7886
ICICIBANK
CMP 1538.50
Near Term: With a strict stoploss of close below 1520 traders strategy would be
buy on dips.
Intraday trading Levels Buy Above: 1552 Resistance 1561 | 1575 | 1597
Sell Below: 1525 Support 1516 | 1502 | 1480
Weekly Levels 1585 Resistance 1593 | 1606 | 1627 Sell Below: 1559 Support 1551
| 1538 | 1517
AXISBANK
CMP 399.10
Near Term: Buy on dips with a strict stoploss of 393 as per closing basis.
Intraday trading Levels Buy Above: 402 Resistance 404 | 406 | 411 Sell
Below: 396 Support 395 | 392 | 388
Weekly Levels 413 Resistance 416 | 421 | 429 Sell Below: 403 Support 400 | 395
| 387
TATAMOTORS
CMP 517.80
Near Term: Sell on rise whereas support on charts is expected around 505 &
496.00
Intraday trading Levels Buy Above: 524 Resistance 528 | 534 | 544 Sell
Below: 512 Support 508 | 501 | 491
Weekly Levels 528 Resistance 533 | 542 | 557 Sell Below: 510 Support 505 | 496
| 481
M&M
CMP 1347.60
Near Term: Sell on rise with a target expected 1323.00
Intraday trading Levels Buy Above: 1355 Resistance 1360 | 1368 | 1380
Sell Below: 1340 Support 1335 | 1328 | 1315
Weekly Levels 1383 Resistance 1389 | 1399 | 1415 Sell Below: 1364 Support 1358
| 1348 | 1332
SUNPHARMA
CMP 781
Near Term: Trend is down on charts whereas sell on rise with a target expected
750.00
Intraday trading Levels Buy Above: 788 Resistance 793 | 801 | 813 Sell
Below: 773 Support 768 | 761 | 748
Weekly Levels 816 Resistance 822 | 831 | 845 Sell Below: 798 Support 793 | 784
| 769
AS&P
CNX NIFTY CMP 8017.55
Near Term: Trend is down on charts whereas support is expected around 7975
& close below this level would open doors for 7875.00
Intraday trading Levels
Buy Above: 8053 Resistance 8075 | 8111 | 8169
Sell Below: 7982 Support 7960 | 7924 | 7866
Weekly Levels 8177 Resistance 8212 | 8267 | 8357
Sell Below: 8066 Support 8031
| 7976 | 7886
-----------------------------------------
ICICIBANK
CMP 1538.50
Near Term: With a strict stoploss of close below 1520 traders strategy would be
buy on dips.
Intraday trading Levels
Buy Above: 1552 Resistance 1561 | 1575 | 1597
Sell Below: 1525 Support 1516 | 1502 | 1480
Weekly Levels 1585 Resistance 1593 | 1606 | 1627
Sell Below: 1559 Support 1551
| 1538 | 1517
-----------------------------------------------------
AXISBANK
CMP 399.10
Near Term: Buy on dips with a strict stoploss of 393 as per closing basis.
Intraday trading Levels
Buy Above: 402 Resistance 404 | 406 | 411
Sell
Below: 396 Support 395 | 392 | 388
Weekly Levels 413 Resistance 416 | 421 | 429
Sell Below: 403 Support 400 | 395
| 387
----------------------------------
TATAMOTORS
CMP 517.80
Near Term: Sell on rise whereas support on charts is expected around 505 &
496.00
Intraday trading Levels
Buy Above: 524 Resistance 528 | 534 | 544
Sell
Below: 512 Support 508 | 501 | 491
Weekly Levels 528 Resistance 533 | 542 | 557
Sell Below: 510 Support 505 | 496
| 481
-----------------------
M&M
CMP 1347.60
Near Term: Sell on rise with a target expected 1323.00
Intraday trading Levels
Buy Above: 1355 Resistance 1360 | 1368 | 1380
Sell Below: 1340 Support 1335 | 1328 | 1315
Weekly Levels 1383 Resistance 1389 | 1399 | 1415
Sell Below: 1364 Support 1358
| 1348 | 1332
--------------------------------
SUNPHARMA
CMP 781
Near Term: Trend is down on charts whereas sell on rise with a target expected
750.00
Intraday trading Levels
Buy Above: 788 Resistance 793 | 801 | 813
Sell
Below: 773 Support 768 | 761 | 748
Weekly Levels 816 Resistance 822 | 831 | 845
Sell Below: 798 Support 793 | 784
| 769
