NIFTY VIEW
Nifty continues to consolidate since the past 3 days with a close nearly at the same level. The support for the day lies at 37,440/11,320 while resistance is seen at 37,830/11,440. Bank Nifty would have a range of 27,620-28,100.
BUY RECL
CMP: Rs 117.70
TARGET: Rs 136
STOP LOSS: Rs 106
The stock has made a good base at around 90 levels after a decent correction and has given a good bounce back and currently, the stock has been consolidating for quite some time at around 115 levels and gaining strength for a further rally.
BUY CHOLA FINANCE
CMP: Rs 1,438
TARGET: Rs 1,560
STOP LOSS: Rs 1,400
The stock has been moving around the significant 200 DMA moving average taking a good support and we anticipate a further upward movement in the coming days with RSI also consolidating around the oversold zone and gaining the potential to make a bounce in the upward direction.
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