Profitable Equity Tips, After opening the day in red, share markets in India witnessed volatile trading activity throughout the day but clawed back some gains in the final hours of the trading window. Sectoral indices traded on a mixed note, with stocks in the pharma sector and stocks in the IT sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 22 points (up 0.1%) and the NSE Nifty closed up by 10 points (up 0.1%). The BSE Mid Cap index ended the day down 0.4%, while the BSE Small Cap index ended the day up by 0.5%.
TCS closed the week on the positive note gaining around 0.94%.
As we have mentioned last week, that support for the stock lies in the zone of 1736 to 1700 Support for the stock lies in the zone of 1700 to 1740 where the stock has taken multiple support in the month of May-2018. If the stock manages to close below these levels then the stock can drift to the levels of 1640 to 1660 where medium-term moving averages are lying.
Resistance for the stock lies in the zone of 1880 to 1950 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1810 to 1830 where the stock has formed a high in the month of May-2018.
The broad range for the stock in the coming week is seen between 1790 to 1740 on downside &
1880 to 1940 on the upside.
HDFC Bank closed the week on negative note losing around 0.99%.
Support for the stock lies in the zone of 2020 to 1960 where Fibonacci levels and short-term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 1940 to 1950 where Fibonacci levels and medium-term moving averages are lying.
Minor resistance for the stock lies in the zone of 2080 to 2100. Resistance for the stock lies in the zone of 2140 to 2160 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 2200 to 2220.
The broad range for the stock in the coming week can be 1980 to 2000 on lower side & 2100 to 2120 on the upper side.
For More Info Visit Here: Profitable Equity Tips
TCS closed the week on the positive note gaining around 0.94%.
As we have mentioned last week, that support for the stock lies in the zone of 1736 to 1700 Support for the stock lies in the zone of 1700 to 1740 where the stock has taken multiple support in the month of May-2018. If the stock manages to close below these levels then the stock can drift to the levels of 1640 to 1660 where medium-term moving averages are lying.
Resistance for the stock lies in the zone of 1880 to 1950 from where the stock broke down after consolidation. If the stock manages to close above these levels then the stock can move to the levels of 1810 to 1830 where the stock has formed a high in the month of May-2018.
The broad range for the stock in the coming week is seen between 1790 to 1740 on downside &
1880 to 1940 on the upside.
Support for the stock lies in the zone of 2020 to 1960 where Fibonacci levels and short-term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of around 1940 to 1950 where Fibonacci levels and medium-term moving averages are lying.
Minor resistance for the stock lies in the zone of 2080 to 2100. Resistance for the stock lies in the zone of 2140 to 2160 where the stock has formed a high in the month of May-2018. If the stock manages to close above these levels then the stock can move to the levels of 2200 to 2220.
The broad range for the stock in the coming week can be 1980 to 2000 on lower side & 2100 to 2120 on the upper side.
For More Info Visit Here: Profitable Equity Tips
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