Nifty has been consolidating for the last four trading sessions. On Tuesday, while Nifty ended with minor gains, it managed to register all-time high close. Nifty50 has been finding support at its 8-day EMA, which is currently placed at 13,438. Longs should be held with the stop loss of 13,438 for Nifty. The positional target for Nifty is seen at 14,300-odd levels.
Here are a few stock recommendations:
SHRIRAM TRANSPORT FINANCE | CMP: Rs 1090
Target Price: Rs 1,170
Stop loss Rs 1,050
Here are a few stock recommendations:
SHRIRAM TRANSPORT FINANCE | CMP: Rs 1090
Target Price: Rs 1,170
Stop loss Rs 1,050
The stock price has broken out from the pennant pattern on