Nifty Outlook
Nifty is showing some resistance at the peak levels, post RBI announcement market witnessed some selling pressure. However near-term support lies at 10,020 while a decisive break can drag it to 9,960 level. The support for the day lies at 10,030 while resistance is seen at 10,125.
BUY AMBUJA CEMENTS
CMP: Rs 266.60
TARGET: Rs 290
STOP LOSS: Rs 256
The stock after giving a small correction has made a higher bottom formation pattern in the daily chart with a positive candle and also has been accompanied by decent volume participation. The RSI indicator has given a positive trend reversal to signal a buy and we anticipate the stock to further rally to reach new targets on the upper side. We recommend a buy in this stock for an upside target of Rs 290 keeping a stop loss of Rs 256.
BUY IRB INFRA
CMP: Rs 225.85
TARGET: Rs 245
STOP LOSS: Rs 213
GET LIVE UPDATES ON MARKET
No comments:
Post a Comment