Bhambwani told CNBC-TV18, "I would look at Rs 68 on Delta Corp as somewhat of a support. As long as it stays above Rs 68, it is likely to remain in an uptrend. On the upsides, the first obvious resistance and minor resistance would be at Rs 82 that is the high it created on September 22. So once it overcomes this high, I think this stock is likely to basically strengthen up further but I would caution traders that this would be extremely high beta kind of a high risk high return play. So you need to be very careful with your stop losses."
He further added, "Zee News is taking support at momentum kind of a level of Rs 15.5. As long as it stays above Rs 15.5, chances are it will basically manage to stay above Rs 17-17.5. If it does I think it is likely to test Rs 19.5-20 levels if the overall market remains bullish. But at this point in time Rs 15.5 remains a very strict stop loss on all longs."
