NIFTY VIEW
Market ahead of expiry gets volatile with Nifty below 11,700, now having a near term support at 11,600 levels. Bank Nifty though not correcting yet not participating to propel an up move. The support for the day is seen at 38,470/11,620 while resistance is seen at 38,940/11,750.
BUY ITC
CMP: Rs 312.80
TARGET: Rs 345
STOP LOSS: Rs 298
The stock has given a decent rally from the levels of 260 and recently has been consolidating around 310 levels for some time gathering strength and has potential to give a further rally from here on.
BUY SHRIRAM TRANSPORT FINANCE
CMP: Rs 1,348.95
TARGET: Rs 1,510
STOP LOSS: Rs 1,285
The stock has made a higher bottom formation pattern in the daily chart and has indicated a positive bias with the RSI showing a trend reversal with a rising trend.
