Wednesday 20 July 2011

TECHNICAL OUTLOOK FOR INTRADAY : 21 JULY 11


HERO HONDA MOTORS

HERO HONDA MOTOR is going to announce the quarter result on 21ST July. The script is seen trading in bounded range on Tuesday and closed trading at 1761.50.

Expected resistance and support levels for the scrip for the next trading session are:


Resistance levels R1-1797, R2- 1832
Support levels S1-1738  S2- 1717


KOTAK MAHINDRA BANK

KOTAK MAHINDRA BANK is going to announce its quarter result tomorrow. Script has traded in heavy volume before the result day. Shares closed the today’s session at 490.50.
Support and resistance levels for the share for the next trading session are:

Resistance levels R1-544, R2- 557
Support levels S1- 383 383 S2- 275


SESA GOA

Sesa Goa has been much new since last year. The company will announce its first quarter results July 21. It has been trading in the range 293 to 284on Wednesday.

Expected levels for this script are as follow:

Resistance levels R1-292 R2- 298
Support levels S1- 282, S2- 278


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