Shyam Advisory

According to Shyam Advisory : nifty (5521) : {Spot levels}

Support @ 5488 - 5450 - 5405 - 5370 - 5345 - 5300

Resistance @ 5535 - 5580 - 5615

SBI (2642) : 2665 is nearest and strong resistance for the day. Crosses and sustains above 2665 then expect stock to zoom to 2695 and 2730 which is solid hurdle on higher levels. Down ward side 2615 is nearest and 2600 is strong support for the day. Breaks and sustains belstockow 2600 then expect stock to fall down to 2565 which is strong support on lower levels, breaks below 2665 expect stock to fall down further to 2535 and 2510.

Kotakbank (423) : 428-435 are nearest and solid hurdles on higher levels. Downward side 400 is nearest and 390 is solid and crucial support for the day. Cross over above 435 expect stock to spurt up to 448 and 457 levels. 

BOI (461) : 466 is nearest resistance, cross over above 466 it will shoot towards 475 which is strong hurdle higher levels, however crosses and sustains above 475 then expect stock to spurt up further to 482 and 490 levels. Down ward side 454 is nearest and 444 is strong support for the day.

Canbank (625) : Crosses and sustains above 633 then expect stock to spurt up further.

Orchid (275) : 268 is nearest and 263 is solid support for the day. Buy on dips keeping sl of 260. Upward side 284 and 290 are the resistances.

Tatamotors (1162) : Buy on declines considering 1145 is nearest and 1130 is strong support keeping sl of 1120. Upward side 1185 and 1200 are resistances for the day, crosses and sustains above 1200 then expect stock to zoom to 1235 and then 1260. Down ward side breaks and sustains below 1120 then expect stock to fall down to 1085 and 1065 levels.

Tatasteel (616) : 624 is nearest resistance, crosses and sustains above it then we can expect stock to move up towards 636 in distinguish manner which is solid hurdle on higher levels. Down ward side 606 is nearest and 595 is solid support for the day.

Educomp (451) : 440 is nearest and rock solid and crucial support for the stock. Upward side 458 is nearest resistance, cross over above we can expect 468 and 474 where on higher levels 480 is solid hurdle. Down ward side break below 440 stock will turn weak and it will fall down to 426 and 420 levels.

Aban (617) : 606 is nearest and 597 is strong support for the day. Upward side crosses and sustains above 623 then expect stock to zoom to 635 and 646 levels.