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NIFTY VIEW
Market has witnessed huge erosion all across, with Nifty continuing to have its trend of all periodicities down, getting towards the oversold zone on weekly chart. The support for the week is seen at 36,450/10,780 while resistance is seen at 37,880/11,250 for Sensex and Nifty, respectively. Bank Nifty would have a range of 27,540-28,960. The IT sector, compared to other sectors, has been outperforming, and we have a positive view on TCS. Mid-cap stocks should now pick up from here.
BUY RELIANCE INDUSTRIES
CMP: Rs 1,173.67
TARGET: Rs 1,290
STOP LOSS: Rs 1,145
CMP: Rs 1,173.67
TARGET: Rs 1,290
STOP LOSS: Rs 1,145
The stock has witnessed a decent correction recently
