 "buy")
NIFTY VIEW
With market being in overbought zone, it is advisable to book profit and see the next move of the market. Support for the week is seen at 37,370 and 11,220 for Sensex and Nifty, respectively, while resistance is seen at 38,560 and 11,600. Bank Nifty would have a range of 28,700-29,930. Besides, among the Nifty50 stocks, 42 are on the positive side which will doesn’t last for long. This, too, implies some profit-booking. Stocks like M&M, Tata Chemicals, BHEL, BEL, etc look positive from here on.
BUY BHEL
CMP: Rs 67.80
TARGET: Rs 75
STOP LOSS: Rs 63
The
