Much anticipated technical recovery was seen today from the lows of 5,230-5,240. Global cues will continue to influence the market trend. Upside resistance exist at 5,375-5,380 and then 5,425. Nifty has next resistance placed at 5,540 and supports lie at 5,170 at its 200 dma.
YES Bank to Neutral with a price target of Rs 380 as against the current market price (CMP) of Rs 374.75.
Underperform on State Bank of India (SBI) with a price target of Rs 1,700 as against the current market price (CMP) of Rs 2,299.45.
Buy on VST Industries with price target of Rs 1,829 as against the current market price (CMP) of Rs 1,450.
Outperform on HDFC Bank with a price target of Rs 625 as against the current market price (CMP) of Rs 510.95.
Buy on Tech Mahindra with price target of Rs 840 as against the current market price (CMP) of Rs 648.
YES Bank to Neutral with a price target of Rs 380 as against the current market price (CMP) of Rs 374.75.
Underperform on State Bank of India (SBI) with a price target of Rs 1,700 as against the current market price (CMP) of Rs 2,299.45.
Buy on VST Industries with price target of Rs 1,829 as against the current market price (CMP) of Rs 1,450.
Outperform on HDFC Bank with a price target of Rs 625 as against the current market price (CMP) of Rs 510.95.
Buy on Tech Mahindra with price target of Rs 840 as against the current market price (CMP) of Rs 648.
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