Market Outlook:
Markets ended in green on account of strong global cues. All the major sectoral indices ended in green, Realty and Banking counters being the highest gainers.
Nifty:
Nifty smartly recovered from the days low and ended in green. The 5 DMA at 5,689 will act as an immediate support for Nifty. Resistance is seen at 5,750 and major positive development can be seen only if Nifty closes above 5,750 levels. A close above this level will further extend the rally up to 5,820/5,850 levels.
Support: Major support level 5,700/5,680.
|
Investment Ideas
- Dhanuka Agritech CMP @ Rs. 130 (Target Price: Rs.150)
Trading Ideas
- Positive bias - Strides Acrolab (Target 960), Shashun Pharma (Target 186) & Aurobindo Pharma (Target 180). Traders maintain stop loss accordingly.
|
No comments:
Post a Comment