The stock was consolidating during the trading hour and closed on positive note. The major trend presently in the stock is sideways. The stock is now facing resistance at 358 and has support at 330.Break of support may take the stock further down. One may go for selling the stock once it breaks its support level.

The stock showed an up move during the trading hour and closed on positive note. The major trend presently in the stock is down. The stock is now facing resistance at 228 and has support at 208. Break of support may take the stock further down. One may go for selling the stock once it breaks its support level.

DR REDDY is range bound, consolidating sideways showing positive biasness. Above the major resistance level of 1665 it is likely to move upward where one can enter into a fresh buying position. Support is at the level of 1610. One should wait for the confirmation of the movement in the upcoming session with the crossing of either of the levels.

COAL INDIA showed positive side movements in today’s trading session and closed with gain of around 2.27%. The stock faces resistance level at 333 and support level exists at 315. It is expected to remain range bound in short term; also one should wait for a proper breakout for entering in this stock.