Important Nifty 50 - Stock updates -3

Tata steel hit the 52 week high this week but with low volume compared to previous up moves – now longs are advisable only on closing above 550 levels and stop loss for the longs are around 485 closing basis. Trend reversal seen on closing below 485 and it happens to be the long term trend line support too. TATA STEEL this week,

Support 522 – 499 – 477 
Resistance 550 – 562 - 574 

State bank of India correct with volume and addition of open interest – indicating profit booking at higher levels, now the crucial support levels is around 1950 levels – break would indicate the halt to the current bullish scenario. State Bank of India this week,

Support 2031 – 1986 – 1942
Resistance 2092 – 2138 – 2185

DLF is consolidating in the range of 490 to 540, other details are enclosed in the chart – this week,

Support 405 / 395 /385

Resistance 421 / 432 / 442

In the chart there is mistake – read as breaking of 390(not 490) would terminate the uptrend.