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Benchmark share indices ended higher Thursday, amid a volatile trading session, led by banks after slump in food inflation to 4-year lows, rekindled hopes of rate cut by the central bank sooner than expected. The 30-share Sensex provisionally ended at 15,813.36 up 128.15 points or 0.82 % and the 50-share Nifty ended at 4,733 up 40.70 points or 0.87%.
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AXIS BANK-
The stock remained range bound during the trading hours and ended up on a positive note. It is now facing a resistance at 896 and has support at 852. One should wait for sometime in stock till it consolidates for a while as it may remain volatile in this range.
RESISTANCE SUPPORT
896 852
COAL INDIA-
The stock has a volatile trading session and closes on normal loss. As overall trend is bearish below the support level stock is looking weak.
RESISTANCE SUPPORT
301 292
HDFC BANK-
The stock is currently trading with the upward movement facing strong resistance at the level of 446, which is likely to be crossed in the upcoming session after a short consolidation. Below the support level of 428 it may show negative biasness.
RESISTANCE SUPPORT
446 428
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