you are here: HomeNewsBusiness
Mar 20, 2017 10:25 AM IST | Source: Moneycontrol.com

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

Prakash Gaba of prakashgaba.com 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 prakashgaba.com

Key levels to watch out today

NIFTY (9160)

Support: 9100-9050

Resistance: 9218

BANK NIFTY (21175)

Support: 21000

Resistance: 21500

STOCKS

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."

Sections
Follow us on
Available On