Prakash Gaba of prakashgaba.com
Key levels to watch out today
Nifty (9401)
Support: 9340
Resistance: 9500
Bank Nifty (22672)
Support: 22500
Resistance: 22850
Stocks
Bullish Plays
Cipla: Breakout
Target: Rs 575
Stop loss: Rs 564
Dhanuka Agritech: Breakout
Target: Rs 940
Stop loss: Rs 900
Tech Mahindra: Indicator Buy
Target: Rs 453
Stop loss: Rs 438
Wonderla Holidays: Breakout
Target: Rs 402
Stop loss: Rs 385
"I will start with Aditya Birla Nuvo. That looks good to me. We can see a climb to maybe around Rs 1,760. It may take a day or two for that, stop below Rs 1,680 on Aditya Birla NUvo should be fine."
"I also like Engineers India (EIL). Looks like it can climb to level closer to Rs 174, again, a day or two for this, keep stop loss below Rs 166."
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