However, with a dip below this level, the support level has now become the resistance level. This is an extremely negative signal as far as the medium to long term health of the stock is concerned.

The next major support for the stock is at Rs 440. After this, the levels of Rs 400 and Rs 390 respectively would make sense. One should make an exit at the current levels, and a short position can also be taken. On the upper side, it has a resistance at Rs 485. The next major resistance is at Rs 510.