 "Image: iSTOCK")
NIFTY VIEW
Nifty has its daily trend up, while trend of the other periodicities continue to be down. The index will show further up move only on breach above 11,180 -11,200 levels, which could bring about a fresh upward movement in the coming days for the next target of 11,300 & Bank Nifty should decisively move past 28,230 for next round of upmove. The support for the week is seen at 36,800/10,800 while resistance is seen at 37,750/11,300. Bank Nifty would have a range of 27,600-28,700.
Stock recommendation:
Stock recommendation:
BUY HDFC AMC
CMP: Rs 2,262
TARGET: Rs 2,800
CMP: Rs 2,262
TARGET: Rs 2,800
