Stocks for tomorrow

Bharti Airtel Tomorrow

The stock consolidated in today's trading session as well after a down rally previously. It faces next support at 330. One could go for sell on rise strategy for this stock until it crosses 355 in upside.

RESISTANCE SUPPORT

355 330

ITC For Tomorrow

ITC in today's trading session it manages to trade below the 10 days and 50 days moving averages it was up by 2.15 %. In order to be in an uptrend it has to trade and consolidate above the moving averages. It has support at 168 below this level it would be in a bearish trend else above 175 it would be in an upward trend.

RESISTANCE SUPPORT

175 168

Suzlon for Tomorrow

After making a high of 57.30 it was continuously moving in a downward trend in today's trading session it was up by 12.95 % for this further upside movement would be expected. It has resistance at 55 above this level it would be continuing in bullish trend else below 47 it would might face more selling pressure.

RESISTANCE SUPPORT

55 47

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Though the street is disappointed on tepid performance of Infosys I have a different view. Infosys December quarter result was in-line with their estimates. There is no point in reading into 0.50% or 0.25% below or above estimates. Our outlook on IT sector is that the business will continue to do well. There are large number of deals which are coming up for renewal over the next 12 to 18 months. Infosys has outperformed quite a bit in the last one quarter, so it might see a little bit of subdued performance in the very near-term. "But outlook remains pretty good. Index performance is likely to be at 10-15% in 2011. However inflation and interest rates are key challenges for markets.

Going forward, Indian gross domestic product (GDP) growth of 8% can be sustained.

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