The market has been in an extremely volatile move giving wild swings each day. The market, for now, holds the 10530 support, it continues to make the higher bottom for a continuation of the uptrend. The support for the day is seen at 35360/10650 levels while the resistance would be at 35920/10800 levels. Bank Nifty would have the range of 26680-27300. We anticipate some volatility in the market being the expiry of F&O Derivative segment.
CMP: Rs 7,569
TARGET: Rs 8,100
STOP LOSS: 7,350
The stock has made a higher bottom formation pattern in the daily chart to take support at around 7400 levels and has indicated a positive candle to signify strength and has potential to rise further in the coming days. The chart looks attractive and is poised for an upmove with an improved bias and with consistent volume participation witnessed, we recommend a buy in this stock for an upside target of 8100 keeping a stop loss of 7350.
CMP: Rs 1,791.60
TARGET: Rs 1,900
STOP LOSS: Rs 1,720
The stock has formed a higher bottom formation pattern in the daily chart taking support at around 1740 levels and has indicated a reversal with a bounce back and we anticipate it to continue the upward movement with the same momentum and can achieve fresh upward targets. The volume participation has been good and with improved bias, we recommend a buy in this stock for an upside target of 1900 keeping a stop loss of 1720.
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.