Oct 19, 2016 08:29 AM IST IST | Source:

Resistance for Nifty at 8775; Axis Bank, ITC bullish plays: Gaba

Nifty has support at 8550 and resistance at 8775 while Bank Nifty has support at 19200 and resistance at 19800, says Prakash Gaba of

Prakash Gaba of

Key levels to watch out today

Nifty (8678)

Support: 8550
Resistance: 8775

Bank Nifty (19495)

Support: 19200
Resistance: 19800


Bullish plays

Ashok Leyland: Break out
Target: Rs 86
Stop loss: Rs 82

Axis Bank: Base formation
Target: Rs 544
Stop loss: Rs 520

Bajaj Finance: Break out
Target: Rs 1150
Stop loss: Rs 1088

ITC: Break out
Target: Rs 250
Stop loss: Rs 240
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