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Mar 20, 2017 10:25 AM IST | Source:

Support for Nifty at 9100-9050; buy Castrol India, Ajanta Pharma: Prakash Gaba

Prakash Gaba of is of the view that Nifty has support at 9100-9050 and resistance at 9218 while Bank Nifty has support at 21000 and resistance at 21500.

Prakash Gaba of

Key levels to watch out today

NIFTY (9160)

Support: 9100-9050

Resistance: 9218

BANK NIFTY (21175)

Support: 21000

Resistance: 21500


Bullish Plays

Ajanta Pharma: Indicator buy

Target: Rs 1840

Stop loss: Rs 1770

Castrol India: Indicator buy

Target: Rs 433

Stop loss: Rs 421

Bearish Plays

Bank of Baroda: Indicator sell

Target: Rs 161

Stop loss: Rs 171

Mahindra & Mahindra: Indictor sell

Target: Rs 1280

Stop loss: Rs 1310

"Hindustan Unilever (HUL) certainly is looking good to me. The level of Rs 900 seems to be a strong support zone. We can see levels closer to around Rs 1,000. It may take a day or two for that." 

"Tata Motors looks a bit tired to me. It can slide down to levels closer to Rs 465, stop somewhere around the levels of Rs 476 should be fine."

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