Nifty showed volatile session. Bulls protected support at 5,130 levels and bears also protected 5,200 levels. Buying momentum may be continuing of Nifty maintains above 5,200 levels decisively on the other hand, if Nifty decline below 5,130 levels then selling pressure may resume.
Nifty`s immediate resistance comes at 5,200 - 5,330 levels and supports stand at 4,960 levels. Nifty has left a gap between 5,330 - 5,230 levels which can technically act as a resistance in coming days. Nifty can also fill the gap and again continue its down trend in coming days. Traders need to be cautious and avoid leverage position in the market.
Nifty`s immediate resistance comes at 5,200 - 5,330 levels and supports stand at 4,960 levels. Nifty has left a gap between 5,330 - 5,230 levels which can technically act as a resistance in coming days. Nifty can also fill the gap and again continue its down trend in coming days. Traders need to be cautious and avoid leverage position in the market.
Buy Larsen & Toubro (L&T) with a target price of Rs 2,127 as against the current market price (CMP) of Rs 1,630.
Buy GVK Power and Infrastructure with a target price of Rs 40 as against the current market price (CMP) of Rs 18.
Buy PTC India with a target price of Rs 114 as against the current market price (CMP) of Rs 74.
Accumulate Gujarat State Petronet with a target price of Rs 110 as against the current market price (CMP) of Rs 102.
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