Technically the level of 5,375 will act as a major hurdle for the market. On the lower side 5,150-5,180 will act as a major support for the market and dismissal of the 5,150 may result into quick sell off to 5,010 minimum and maximum to 4,950 levels. Closing above the level of 5,375 can take index to the level of 5,550-5,600. Investors can certainly look for index stocks to buy around 5,200 levels. Nifty is having resistance at 5,320 and 5,350 while the support is there at 5,228 and 5,162 levels. Overall, Nifty has supports at 5,170 levels, and on the upside, major resistance comes 5,544.
Buy Nestle India with a price target of Rs 5,074 as against the current market price (CMP) of Rs 4,604.
Hold Natco Pharma with a price target of Rs 352 as against the current market price (CMP) of Rs 328.
Buy Nestle India with a price target of Rs 5,074 as against the current market price (CMP) of Rs 4,604.
Hold Natco Pharma with a price target of Rs 352 as against the current market price (CMP) of Rs 328.
0 comments:
Post a Comment