Prakash Gaba of prakashgaba.com
Key levels to watch out for June 5, 2017
Nifty (9654)
Support: 9580-9540
Resistance: 9713
Bank Nifty (23376)
Support: 23200
Resistance: 23600
Stocks
Bullish Plays
Bajaj Finserv: Base Formation
Target: Rs 4450
Stop loss: Rs 4260
Godrej Properties: Breakout
Target: Rs 540
Stop loss: Rs 511
IRB Infra: Base Foramtion
Target: Rs 240
Stop loss: Rs 228
Sun TV Network: Breakout
Target: Rs 870
Stop loss: Rs 820
"I will trade Titan Company on the long side, the stock has a very strong support at Rs 460 and may climb to Rs 490-500. It may take its own sweet time."
"Yes Bank is looking good, the target that I have is Rs 1510-1520 and have a stop loss at Rs 1480. The other stock that I like is Zee Entertainment, it looks good to me with a good base formation and a good breakout. The stock may climb to Rs 535, keep stop loss below Rs 520," he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
