NIFTY VIEW
Nifty has its daily trend turned down along with Bank Nifty having its daily trend down since 2 days, while weekly trend is so far intact for both Nifty & Bank Nifty. Nifty has got a good base at around 10680 levels and if it is breached then may witness further fresh downward movement. However, the support for the day is seen at 10650 while the resistance would be seen at 10760 levels.
BUY RADICO KHAITAN
CMP: Rs 400.40
TARGET: Rs 445
STOP LOSS: Rs 380
The stock has witnessed a decent correction from the peak of 495 to bottom out at around 387 levels where it has consolidated in the past 2-3 days and currently indicated a positive candle to signify strength and potential to rise further maintaining a positive bias. There is also indication of the RSI making a trend reversal and we anticipate a upward move in the coming days. With decent volume participation witnessed, we recommend a buy in this stock for an upward target of 445 keeping a stop loss of 380.
No comments:
Post a Comment