Nifty today closed above the resistance of 5,650 and today`s move can be taken as a short term short covering. The support for the Nifty is at 5,625 and resistance at 5,700-5,775. Sensex likely to see crucial support at 18,750 on the downside and resistance at 19,050.
Buy Yes Bank with a target price of Rs 450 as against the current market price (CMP) of Rs 318.
Short Hindalco below Rs 175
M&M may see upside from current level
Reliance Industries may rally upto Rs 920- 925
Buy Axis Bank closer to Rs 1225
Buy Rel Infra, IDFC, Rel Cap, Idea Cellular
Hold Reliance Communications, Bank of India, India Glycols, Suzlon Energy
Bharti Airtel can go upto Rs 525
Pantaloon Retail can touch Rs 375-400
Reliance Communications can test Rs 115
Hold Bajaj Auto; target of Rs 1643
Shoppers Stop has target price of Rs 499
Buy Axis Bank; target of Rs 1648
Deccan Chronicle has target of Rs 74
Buy DB Corp; target of Rs 283
Buy Yes Bank with a target price of Rs 450 as against the current market price (CMP) of Rs 318.
Short Hindalco below Rs 175
M&M may see upside from current level
Reliance Industries may rally upto Rs 920- 925
Buy Axis Bank closer to Rs 1225
Buy Rel Infra, IDFC, Rel Cap, Idea Cellular
Hold Reliance Communications, Bank of India, India Glycols, Suzlon Energy
Bharti Airtel can go upto Rs 525
Pantaloon Retail can touch Rs 375-400
Reliance Communications can test Rs 115
Hold Bajaj Auto; target of Rs 1643
Shoppers Stop has target price of Rs 499
Buy Axis Bank; target of Rs 1648
Deccan Chronicle has target of Rs 74
Buy DB Corp; target of Rs 283
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