NIFTY VIEW
After 6 days, the daily trend of Nifty has turned up to signify a positive bias and we anticipate the index to consolidate and make some pullback from these levels. On the upside, if Nifty breaches the 10,250 level decisively a positive sentiment can be established and can expect a bounce back to 10,500 levels. On the downside, 9,950 would act as a major support for the time being. The support for the day is seen at 10,080 while resistance is seen at 10,180.
BUY LIC HSG FIN
CMP : Rs 544.10
TARGET : Rs 590
STOP LOSS : Rs 510
The stock has witnessed a gradual correction from the peak of 785 and has bottomed out at around 480 levels to make a recovery and now with the bullish candle pattern formed a positive bias has been maintained and we anticipate a further rise from here on with strength and potential to scale till 600 levels.
The RSI has indicated a steep rise and also the MACD in on the rise for quite some time. We recommend a buy in this stock for an upside target of 590 keeping a stop loss of 510.
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