Nifty is trading in 5,350-5,290 zone for consecutive 2 days. Decisive price action may be seen above 5350 levels or below 5270 levels. Volatility may be seen in 5,270-5,350 zone. For daily purpose, trend deciding level is 5,320. If Nifty shows strength above 5,320 levels, then rally to 5,350/5,400/5,460 may be seen. If Nifty does not show strength above 5,200 levels then selling pressure till 5,290-5,270/5,200 may also be seen. The Nifty has resistance at 5,352 and 5,399 while the support is there at 5,301, 5,270 and 5,256 levels.
Hold Eicher Motors with a price target of Rs 2,131 as against the current market price (CMP) of Rs 2,276.
Buy Ashok Leyland with a price target of Rs 35 as against the current market price (CMP) of Rs 30.
Buy Zee Entertainment Enterprises between Rs 125-123 for target of Rs 128-131 and stop loss of Rs 122.
Buy Hindustan Unilever (HUL) between Rs 424-420 for target of Rs 430-435 and stop loss of Rs 417.
Hold Eicher Motors with a price target of Rs 2,131 as against the current market price (CMP) of Rs 2,276.
Buy Ashok Leyland with a price target of Rs 35 as against the current market price (CMP) of Rs 30.
Buy Zee Entertainment Enterprises between Rs 125-123 for target of Rs 128-131 and stop loss of Rs 122.
Buy Hindustan Unilever (HUL) between Rs 424-420 for target of Rs 430-435 and stop loss of Rs 417.
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