Bank Nifty near strong supports, reveral anytime soon:: Emkay

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Techcheck Daily

Bank Nifty near strong supports, reveral anytime soon

n     Chart of the Day: Bank Nifty, medium term trend channel intact after this flurry of negative news, risk rewards favour longs, 11600 remains a good support

n     Nifty short term trendline supports hold, expect a pullback till 6150 initially

n     Nifty medium targets revised from 6450-6600 to 6340-6500

n     DXY prices past resistance lines, target 82-83.5

n     Stocks with positive short term view:

n     Maruti, ICICI Bank, SBI, Cipla, L&T, Infosys

n     Stocks with negative short term view:

n     DLF, Tisco, Hindalco