Support for Nifty at 8480; see break out in BEML: Prakash Gaba

Nifty has support at 8480 and resistance at 8700 while Bank Nifty has support at 18500 and resistance at 19200-19300, says Prakash Gaba of prakashgaba.com.
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Oct 17, 2016, 11.26 AM | Source: Moneycontrol.com

Support for Nifty at 8480; see break out in BEML: Prakash Gaba

Nifty has support at 8480 and resistance at 8700 while Bank Nifty has support at 18500 and resistance at 19200-19300, says Prakash Gaba of prakashgaba.com.

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Support for Nifty at 8480; see break out in BEML: Prakash Gaba

Nifty has support at 8480 and resistance at 8700 while Bank Nifty has support at 18500 and resistance at 19200-19300, says Prakash Gaba of prakashgaba.com.

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Prakash Gaba (more)

Technical Analyst, prakashgaba.com | Capital Expertise: Equity - Technical

Prakash Gaba of prakashgaba.com

Key levels to watch out today

Nifty (8583)

Support: 8480
Resistance: 8700

Bank Nifty (19020)

Support: 18500
Resistance: 19200-300

Stocks

Bullish plays

BEML : Break out
Target: Rs 960
Stop loss: Rs 920

Larsen & Toubro : Base formation
Target: Rs 1500
Stop loss: Rs 1450

L&T Finance : Break out
Target: Rs 105
Stop loss: Rs 96

SML Isuzu : Indicator buy
Target: Rs 1375
Stop loss: Rs 1300

"I will perhaps look at Axis Bank , it can climb to levels closer to around Rs 540-545 zones. It may take a day or two for that and stop loss below Rs 520-521 should be just fine."
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Support for Nifty at 8480; see break out in BEML: Prakash Gaba

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