Prakash Gaba of prakashgaba.com is of the view that Nifty has crucial support at 8480 while target is 8628 while Bank Nifty has crucial support at 18770 and resistance at 19300.
Prakash Gaba of prakashgaba.com
Key levels to watch out today
Crucial support: 8480
Crucial support: 18770
Aurobindo Pharma: Breakout
Target: Rs 820-25
Stop loss: Rs 787
Divis Lab: Breakout
Target: Rs 1205-1210
Stop loss: Rs 1176
Edelweiss Financial Services: Bounce from support
Target: Rs 85
Stop loss: Rs 79
JM Financial: Bounce from support
Target: Rs 58-60
Stop loss: Rs 54.75
Piramal Enterprises: All time high
Target: Rs 1700-20
Stop Loss: Rs 1630
Tata Chemicals: Breakout
Target: Rs 472-75
Stop Loss: Rs 458
"Wockhardt is certainly looking good. It has formed a good base and yesterday's move of 12 percent suggests that there is not much downside but the upside could be in the vicinity of even Rs 1,200 zone. So there is a good upmove available in Wockhardt."The Great Diwali Discount!
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First Published on Jul 21, 2016 08:49 am