Technical Support & Resistance

Support & Resistance

July 5, 2019
April 2,
Support: The support level is the lowest price a security trades at, over a period of time. The price stops dropping
because buyers start to outnumber sellers. The longer the price stays at a particular level, the stronger the support at
that level. Many traders believe that the stronger the support at a given level, the less likely it will break below,
however it is recommended to exit the position if support breaks.

Resistance: The resistance level is the highest price a security trades at over a period of time. The price stops rising
because sellers begin to outnumber buyers. The more often the price reaches a particular level of resistance and fails
to break through, the stronger the resistance at that level. For this reason, many traders believe that the stronger the
resistance, the less likely the price will break through that level, however it is recommended to enter the position
once the resistance break

Note: This is recommended to use "Limit" and "SLTP" for disciplined trading.

Scrip Name Close S1 S2 S3 R1 R2 R3 Trend

NIFTY 50 11946.75 11925 11901 11879 11970 11993 12016 Positive
S&P BSE SENSEX INDEX 39908.06 39851 39794 39730 39972 40036 40092 Positive
NIFTY BANK 31471.85 31398 31323 31217 31578 31683 31758 Positive
NIFTY 50 FUTURES 11979.65 11949 11918 11893 12005 12030 12062 Positive
NIFTY BANK FUTURES 31548.2 31468 31389 31279 31658 31769 31848 Positive
ACC LTD 1576.75 1564 1551 1538 1590 1603 1616 Positive
AMBUJA CEMENTS 216.1 215 213 212 218 219 221 Positive
ADANI POWER LTD 65.35 65 64 63 67 68 70 Positive
ADANI ENTERPRISE 156.1 152 150 145 160 165 167 Positive
ADANI PORTS AND 414.9 413 411 409 417 419 421 Negative
AJANTA PHARMA 946.3 921 895 868 974 1001 1027 Neutral
ASHOK LEYLAND 89.95 89 88 88 91 92 93 Neutral
ALLAHABAD BANK 50.65 49 48 46 51 52 53 Positive
AMARA RAJA BATT 648.2 638 627 619 656 664 675 Positive
ANDHRA BANK 23.9 24 23 23 25 25 25 Positive
APOLLO HOSPITALS 1325.45 1314 1305 1287 1342 1359 1369 Negative
ASIAN PAINTS LTD 1359.7 1352 1344 1336 1367 1374 1382 Neutral
APOLLO TYRES LTD 199.4 198 197 196 201 203 204 Neutral
AUROBINDO PHARMA 605.1 596 587 581 611 617 626 Neutral
ARVIND LTD 68.85 68 66 65 71 72 74 Neutral
AXIS BANK LTD 808.85 805 800 796 814 818 823 Positive
BAJAJ FINANCE LT 3732.5 3708 3684 3663 3753 3774 3798 Positive
BATA INDIA LTD 1457.25 1450 1444 1435 1465 1474 1480 Positive
BEML LTD 916.4 912 906 899 924 930 936 Positive
BHARAT FINANCIAL 898 - - - - - 0 Positive
BHARTI AIRTEL 362.75 355 348 343 367 372 379 Positive
BHARAT ELECTRON 113.6 112 111 109 114 115 116 Positive
BHARAT HEAVY ELE 73.1 72 72 71 74 74 75 Neutral
BHARAT FORGE CO 475.95 464 453 445 484 493 503 Positive
BHARTI INFRATEL 263.1 262 259 257 266 269 271 Neutral
BALKRISHNA INDS 751.55 745 740 734 757 762 768 Positive
BIOCON LTD 248.95 247 245 243 251 253 255 Negative
BAJAJ AUTO LTD 2894.8 2879 2862 2847 2911 2926 2943 Neutral
BAJAJ FINSERV LT 8537.55 8454 8369 8318 8590 8641 8726 Positive
BANK OF BARODA 129.4 127 124 122 132 134 137 Positive
BANK OF INDIA 94.5 94 93 92 97 97 99 Positive
BOSCH LTD 16882.3 16673 16464 16306 17041 17199 17408 Positive
BHARAT PETROL 380 378 375 372 384 387 389 Negative
BALRAMPUR CHINI 147.9 143 138 136 151 154 158 Positive
BERGER PAINTS 320.45 318 316 314 322 324 325 Neutral
BRITANNIA INDS 2841.35 2804 2766 2743 2865 2888 2926 Positive

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 Technical Support & Resistance
Support & Resistance
CAN FIN HOMES 357.95 355 352 348 362 366 369 Positive
CANARA BANK 287.15 283 279 274 292 297 301 Positive
April 2,
CONTAINER CORP 573 568 564 558 579 585 589 Negative
CADILA HEALTHCAR 236.75 235 234 232 239 240 242 Positive
CEAT LTD 936 923 911 897 949 963 974 Positive
CENTURY TEXTILE 972.4 962 951 935 989 1005 1015 Neutral
CESC LTD 780.3 774 768 758 790 800 806 Neutral
CG POWER AND IND 26.25 25 25 24 26 27 27 Negative
CHOLAMANDALAM IN 291.7 290 286 283 296 298 302 Neutral
CIPLA LTD 551.55 550 548 545 555 558 560 Neutral
COLGATE PALMOLIV 1151.5 1144 1136 1126 1161 1172 1179 Positive
COAL INDIA LTD 251.1 249 248 246 253 254 256 Negative
CASTROL INDIA 132 131 130 129 134 135 136 Negative
DABUR INDIA LTD 402.95 400 397 394 407 411 414 Negative
DCB BANK LTD 231.9 230 227 225 236 239 242 Positive
DEWAN HOUSING 83.2 81 79 76 86 89 92 Positive
DISH TV INDIA 31.55 30 29 28 33 35 36 Positive
DIVI LABS LTD 1619.8 1609 1597 1582 1636 1651 1663 Neutral
DLF LTD 194.6 193 191 189 198 199 202 Positive
DR REDDY'S LABS 2602.4 2590 2578 2563 2617 2632 2644 Neutral
EICHER MOTORS 19825.4 19609 19393 19150 20068 20311 20527 Neutral
ENGINEERS INDIA 120 119 117 115 122 125 126 Negative
EQUITAS HOLDINGS 121.45 120 119 118 122 123 124 Positive
ESCORTS LTD 570.9 564 558 549 579 588 594 Positive
EXIDE INDUS LTD 206.5 203 201 198 208 211 214 Negative
FED BANK LTD 108.85 108 107 106 110 111 111 Neutral
FORTIS HEALTHCAR 133.8 133 132 132 135 136 137 Positive
GAIL INDIA LTD 307.8 305 302 300 310 312 315 Negative
GODREJ CONSUMER 674.7 665 656 649 680 688 696 Negative
GODREJ INDUSTRIE 482.55 479 475 470 488 493 497 Negative
GMR INFRASTRUCTU 15.1 15 15 15 15 15 15 Positive
GLENMARK PHARMA 440.2 438 436 432 444 448 451 Neutral
GODFREY PHILLIPS 832.85 821 808 795 847 860 873 Positive
GRANULES INDIA 100.25 98 96 94 102 104 105 Positive
GRASIM INDS LTD 941.6 930 918 910 950 958 971 Positive
GUJARAT STATE F 93.25 92 92 91 93 94 94 Neutral
HAVELLS INDIA 783.8 780 775 768 792 799 805 Negative
HINDUSTAN CONST 11.7 12 12 12 12 12 13 Negative
HCL TECH LTD 1040.75 1033 1025 1015 1050 1059 1068 Negative
HOUSING DEV FIN 2280.25 2268 2256 2247 2289 2298 2310 Neutral
HDFC BANK LTD 2483.8 2472 2459 2446 2498 2511 2524 Negative
HOUSING DEVELOPM 15.95 16 16 15 16 16 17 Negative
HEXAWARE TECHNOL 372.85 368 364 357 379 386 390 Negative
HERO MOTOCORP LT 2606.15 2588 2570 2555 2621 2636 2654 Positive
HINDALCO INDS 206.9 207 205 203 210 211 213 Neutral
HINDUSTAN PETRO 288.65 286 285 283 289 291 292 Neutral
HINDUSTAN UNILEV 1793.6 1783 1773 1765 1801 1809 1820 Positive
HINDUSTAN ZINC 239.85 236 234 231 241 244 246 Negative
INDIABULLS REAL 118.3 116 114 111 120 122 124 Positive
INDIA CEMENTS 104.5 105 104 103 106 106 107 Positive
INDO COUNT INDS 32.65 33 32 32 34 34 35 Negative
IDBI BANK LTD 37.65 36 36 35 37 38 38 Positive
IDEA CELLULAR 12.35 11 11 10 12 13 14 Positive
IDFC LTD 37.65 36 36 35 38 39 39 Positive
IDFC BANK LTD 45 44 44 43 45 46 46 Positive
IFCI LTD 9.15 9 9 8 9 9 9 Neutral
INDRAPRASTHA GAS 302.5 302 299 297 306 309 311 Neutral
INDIABULLS HOUSI 703.85 687 671 650 724 745 761 Positive

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 Technical Support & Resistance
Support & Resistance
INDUSIND BANK 1493.1 1469 1444 1421 1516 1538 1563 Positive
INDIAN BANK 260.15 258 256 252 263 266 268 Positive
April 2,
INTERGLOBE AVIAT 1635.75 1591 1546 1518 1664 1692 1738 Positive
INFIBEAM INCORPO 44.45 45 44 45 46 46 46 Positive
INFOSYS LTD 733.8 730 725 722 737 741 745 Negative
INDIAN OIL CORP 156.55 155 154 153 157 158 159 Neutral
ICICI PRUDENTIAL 393.9 390 384 380 399 402 408 Positive
IRB INFRASTRUCTU 95.9 95 95 94 96 97 98 Positive
ITC LTD 277.65 276 274 273 279 280 282 Positive
JET AIRWAYS IND 65.5 65 64 62 69 70 72 Negative
JAIN IRRIGATION 27.25 26 25 24 28 29 30 Positive
JAIPRAKASH ASSOC 3 3 3 3 3 3 3 Positive
JINDAL STEEL & P 142.1 140 138 134 145 148 150 Positive
JSW STEEL LTD 275.05 274 272 270 278 280 282 Neutral
JSW ENERGY LTD 71.95 71 70 69 72 74 74 Positive
JUBILANT FOODWOR 1259.05 1252 1245 1236 1268 1277 1284 Positive
JUST DIAL LTD 779.8 770 762 749 792 804 813 Positive
KARNATAKA BANK 105.2 104 103 102 106 107 108 Positive
KAJARIA CERAMICS 584.35 579 572 568 590 594 600 Neutral
CUMMINS INDIA 760.3 750 740 732 769 777 787 Negative
KOTAK MAHINDRA 1497.8 1481 1463 1451 1511 1523 1541 Positive
KAVERI SEED 475.2 470 466 461 479 484 488 Positive
LIC HOUSING FIN 568.75 565 563 559 572 575 578 Positive
LUPIN LTD 754.35 748 742 737 760 766 771 Neutral
LARSEN & TOUBRO 1571.7 1563 1555 1541 1586 1599 1608 Positive
L&T FINANCE HOLD 120.05 118 117 116 121 123 123 Positive
MAHANAGAR GAS LT 828.3 818 808 799 837 846 856 Positive
MAX FINANCIAL SE 415.25 412 407 402 422 427 431 Positive
MCX INDIA LTD 864.8 859 853 846 871 879 884 Positive
MANAPPURAM FINAN 136.25 136 135 133 138 140 141 Positive
MAHINDRA & MAHIN 672.15 668 662 659 677 680 686 Neutral
M&M FIN SERVICES 395.5 394 390 387 400 404 407 Positive
MARICO LTD 374.2 373 370 368 377 378 381 Negative
MRF LTD 56539.45 56228 55915 55529 56927 57313 57626 Negative
CHENNAI PETROLEU 206.9 206 205 204 208 209 210 Neutral
MANGALORE REFINE 60.25 59 59 59 60 61 61 Neutral
MARUTI SUZUKI IN 6544.45 6508 6470 6430 6586 6626 6664 Negative
MOTHERSON SUMI 126.85 125 123 122 127 129 130 Positive
MINDTREE LTD 899.05 891 882 873 910 919 928 Negative
MUTHOOT FINANCE 624.65 618 612 601 636 646 653 Negative
NATIONAL ALUMIN 50.55 51 50 49 52 52 53 Positive
NBCC INDIA LTD 61.3 60 59 58 62 63 63 Positive
NESTLE INDIA LTD 11884.45 11800 11715 11630 11970 12055 12140 Neutral
NHPC LTD 24.6 25 25 25 25 25 26 Negative
NIIT TECH LTD 1338.15 1325 1312 1300 1350 1362 1376 Neutral
NCC LTD 97.3 95 94 92 98 100 101 Neutral
NMDC LTD 116.5 116 115 114 118 119 120 Neutral
NTPC LTD 143.45 142 141 139 144 145 146 Neutral
ORIENTAL BANK OF 94.95 94 93 92 96 97 98 Positive
ORACLE FINANCIAL 3235.95 3207 3179 3148 3266 3297 3325 Neutral
OIL INDIA LTD 177.7 177 176 175 179 180 181 Positive
OIL & NATURAL GA 167.1 165 164 162 168 170 171 Positive
PAGE INDUSTRIES 20876.9 20767 20658 20579 20955 21034 21143 Neutral
PC JEWELLER LTD 42.35 42 41 39 44 45 46 Negative
PIDILITE INDS 1226.85 1218 1208 1196 1240 1252 1262 Positive
PIRAMAL ENTERPRI 1949 1881 1813 1703 2059 2169 2236 Neutral
PETRONET LNG LTD 252.65 251 247 246 256 257 261 Positive
PUNJAB NATL BANK 82.05 81 80 79 83 84 84 Positive

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 Technical Support & Resistance
Support & Resistance
POWER FINANCE 133.05 131 130 128 134 136 137 Positive
PTC INDIA LTD 67.05 66 66 65 67 68 68 Neutral
April 2,
PVR LTD 1691.85 1680 1669 1656 1704 1717 1729 Positive
POWER GRID CORP 210.2 209 207 206 212 213 215 Positive
RBL BANK LTD 654.15 649 644 637 661 668 673 Positive
RELIANCE CAPITAL 64.35 64 62 61 66 68 69 Neutral
RELIANCE COMMUNI 1.5 3 2 3 3 2 3 Positive
REC LIMITED 167.4 166 165 163 170 172 173 Positive
RELIANCE INFRAST 54.65 53 52 50 56 58 59 Negative
REPCO HOME FINAN 373.05 371 368 366 377 380 383 Neutral
RELIANCE INDS 1284 1279 1274 1268 1290 1296 1301 Positive
RELIANCE POWER 4.3 4 4 3 4 4 4 Negative
RAYMOND LTD 760.15 754 747 737 771 781 788 Positive
STEEL AUTHORITY 51.9 52 51 51 53 53 54 Neutral
STATE BANK IND 367.4 365 363 360 370 373 375 Positive
SHRIRAM TRANSPRT 1062.85 1050 1038 1017 1082 1102 1114 Neutral
SOUTH INDIAN BK 13 13 13 13 13 13 13 Positive
SIEMENS LTD 1357.65 1336 1315 1302 1370 1383 1405 Positive
SYNDICATE BANK 41.2 40 40 39 42 43 43 Positive
SHREE CEMENT 21605.25 21380 21153 20956 21803 21999 22226 Positive
SREI INFRASTRUCT 18.25 18 17 17 18 19 19 Positive
SRF LTD 3047.7 3030 3011 2991 3068 3087 3106 Neutral
STRIDES SHASUN L 393.4 389 386 381 397 402 405 Negative
SUZLON ENERGY 5.05 5 5 4 5 5 6 Positive
SUN PHARMA INDU 392.1 390 387 383 397 401 404 Negative
SUN TV NETWORK 510.9 508 505 500 516 521 525 Positive
TATA STEEL LTD 495.3 491 488 482 500 506 509 Negative
TATA COMMUNICATI 463.05 456 449 439 473 483 490 Neutral
TATA CONSULTANCY 2242.65 2232 2220 2210 2254 2264 2276 Negative
TECH MAHINDRA LT 700.6 695 691 686 705 711 715 Negative
TATA ELXSI LTD 914.35 906 896 888 924 932 942 Negative
TATA GLOBAL BEVE 269.65 267 266 263 271 274 276 Negative
TORRENT POWER LT 303.7 299 295 288 310 317 321 Positive
TATA POWER CO 72.15 72 71 70 74 75 76 Neutral
RAMCO CEMENT/THE 787.55 779 773 762 797 807 814 Neutral
TORRENT PHARMA 1545.15 1535 1524 1514 1557 1568 1579 Neutral
TITAN CO LTD 1290.35 1276 1263 1240 1312 1335 1348 Negative
TATA CHEMICALS 617.95 615 613 609 621 625 628 Neutral
TATA MOTORS LTD 165.2 162 159 157 168 171 174 Positive
TV18 BROADCAST L 24.1 24 24 23 24 24 24 Negative
TVS MOTOR CO LTD 432.35 428 425 419 438 444 447 Positive
UNITED BREWERIES 1367.85 1355 1341 1319 1390 1411 1425 Positive
UJJIVAN FINANCIA 295.9 293 290 285 301 306 310 Positive
UNION BANK INDIA 84.85 83 83 81 86 88 88 Positive
UNITED SPIRITS 575 573 569 565 581 585 589 Negative
UPL LTD 698.35 666 633 613 719 739 772 Positive
ULTRATECH CEMENT 4645.35 4588 4530 4492 4684 4722 4781 Positive
VEDANTA LTD 171.05 170 168 166 174 176 178 Neutral
V-GUARD IND LTD 246.95 242 238 235 250 254 258 Positive
VOLTAS LTD 634.95 632 629 624 640 645 649 Negative
WOCKHARDT LTD 372.45 369 366 362 376 380 383 Positive
WIPRO LTD 283.85 283 281 280 286 287 289 Negative
YES BANK LTD 96.25 94 91 87 101 105 108 Negative
ZEE ENTERTAINMENT 356.45 353 349 342 365 371 376 Positive

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 Technical Support & Resistance
Support & Resistance

April 2,

ICICI Direct Technical Desk

ICICI Securities Limited,

1st Floor, Akruti Trade Centre,
Road No 7, MIDC,
Andheri (East), Mumbai – 400 093

research@icicidirect.com

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 Technical Support & Resistance
Support & Resistance

April 2,
Disclaimer

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