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Last Updated : Aug 04, 2016 11:55 AM IST | Source:

Resistance for Nifty at 8600; see momentum in AB Nuvo: Gaba

According to Prakash Gaba of, Aditya Birla Nuvo and Delta Corp are bullish plays while Adani Enterprises and Bharat Heavy Electricals are bearish plays.

Prakash Gaba of

Key levels to watch out today

Nifty (8545)        
Support: 8490-8350
Resistance: 8600   
Bank Nifty (18602)
Support: 18200
Resistance: 18730
Bullish plays
Aditya Birla Nuvo: Momentum pull
Target: Rs 1575
Stop loss: Rs 1475   
Delta Corp: Momentum pull
Target: Rs 120
Stop loss: Rs 100     
Bearish plays 
Adani Enterprises: Break down
Target: Rs 72
Stop loss: Rs 78
Bharat Heavy Electricals: Break down  
Target: Rs 125
Stop loss: Rs 138
Century Textiles: Weak structure
Target: Rs 650
Stop loss: Rs 689
Jindal Steel: Exhaustion
Target: Rs 74
Stop loss: Rs 84

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First Published on Aug 4, 2016 08:09 am
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