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NIFTY VIEW
On Friday, Nifty retained its weekly trend while Bank Nifty's weekly trend turned down after 16 weeks. Metal index, too, has run up whereby some profit-booking cannot be ruled out. The Pharma index along with IT & Energy index look positive. The weightage among Nifty50 is equally distributed; Nifty has for now shown resistance at its triple top level near 12,300 levels. The support for the week is seen at 41,300/12,020 while resistance is seen at 41,960/12,430. Bank Nifty would have a range of 31,430-32,700.
BUY DMART | CMP: Rs 1,843.55 | TARGET: Rs 2,050 | STOP LOSS: Rs 1,760
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