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Nifty View
The Nifty managed to extend its pullback with the help of realty, pharma and FMCG sectors. It has completed 38.2 per cent retracement of the swing which was seen from 11,982(July 5, 2019) to 11,461(July 9, 2019). Next resistance for Nifty is seen at 11,721 and 11,782, which happen to be 50 per cent and 61.8 per cent retracements. Immediate Support is seen at 11,635 and positional support is placed at 11,500.
BUY BIOCON
CMP: Rs 258
Target: Rs 275
Stop-loss: Rs 247
CMP: Rs 258
Target: Rs 275
Stop-loss: Rs 247
Last week, the stock closed with a bullish piercing line Candlestick pattern on the
