ICICI BANK has taken a downturn. In today’s trading session also it showed negative biasness and ended with a net loss of almost 23 points. It is likely to experience further fall in the prices below the next support level of 868. Resistance is at the level of 892.

BHEL opened with gap down and showed consolidated movement and closed with negative note. The stock has now resistance level at 304 and may take support from the level of 297. It may go down in upcoming session if it sustain below it is support level.

Today DR REDDY managed to cross its strong resistance and ended on a positive note with a net gain of 25 points. In the upcoming session it is likely to consolidate for a while. New support is at the level of 1665 and next resistance is at 1695.

The stock showed a down move during the trading hour and closed on negative note. The major trend presently in the stock is weak. The stock is now facing resistance at 224 which is 50 day moving average of the stock and has support at 195. Break of support may take the stock further down. One may go for selling the stock once it breaks its support level.