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Last Updated : Jul 21, 2016 10:36 AM IST | Source: Moneycontrol.com

Market outlook & stock picks by Prakash Gaba

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
 
Nifty       
 
Crucial support: 8480                  
Target: 8628
 
Bank Nifty
 
Crucial support: 18770
Resistance: 19300
 
Stocks
 
Bullish plays
 
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."

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First Published on Jul 21, 2016 08:49 am
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