The consolidation in volatile move……..

The Nifty moved in a narrow margin with volatility wiping the traders on both sides but the investors gained as many stocks made stellar moves, especially the Essar oil gaining more than 16%. The Nifty took the much needed support but could not cross the resistance at 4445-40 level is a big concern for tomorrow.
The MARKET pulse check by STOCKOMETER: The NIFTY has immediate support at 4358-61 level, the low registered at 4362.90.
As suggested in the stock specific action: The RIL is strong so long it trades above 2250 and will become weak if it trades below 2230 level.
The beaten down RCOM may put its neck out above the trouble if it could trade above 455 level and will be weak below 439. It was traded in very narrow band.
The RPL could cut the resistance at 169 on Friday but the major resistance at 174-175 level, for today it will be weak below 166. The RPL high at 175.1 and low at 167.40 .
The DLF and Unitech may find buyers if they can form foreign alliances for 3G. The DLF is good above 503 and weak below 493. The DLF high at 524.1 and low at 501. The Unitech is good above 173 and weak below 166-65 level. The Unitech high at 175.0 and low at 167.00. The JP good above 166 and weak below 163. The JP high at 171.90 and low was registered at 152.15 but did not trade below 166 level.
The SBI has support above 1445-50 level, The high at 1547.0 and low at 1479.00. Relcap is good above 1293-96 level. The high touched at 1373.0 and low at 1310.00
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Never Forget: I may be wrong, You may be wrong but markets always RIGHT.