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Apr 19, 2017 07:57 AM IST | Source: Moneycontrol.com

Support for Bank Nifty at 21400; Axis Bank, Ambuja Cements bearish plays: Gaba

According to Prakash Gaba of prakashgaba.com, Nifty has support at 9050-9000 and resistance at 9225 while Bank Nifty has support at 21400 and resistance at 22000.

Support for Bank Nifty at 21400; Axis Bank, Ambuja Cements bearish plays: Gaba

Prakash Gaba of prakashgaba.com

Key levels to watch out today

Nifty (9105)        

Support: 9050-9000

Resistance: 9225

Bank Nifty (21672)

Support: 21400

Resistance: 22000

Stocks

Bearish Plays

Andhra Bank: Exhaustion

Target: Rs 57

Stop loss: Rs 60

Ambuja Cements: Exhaustion

Target: Rs 235

Stop loss: Rs 244

Axis Bank: Breakdown

Target: Rs 486

Stop loss: Rs 504

Bajaj Finance: Exhaustion

Target: Rs 1207

Stop loss: Rs 1257
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