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

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

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


Prakash Gaba of prakashgaba.com

Key levels to watch out today

Nifty (8545)        
 
Support: 8490-8350
Resistance: 8600   
 
Bank Nifty (18602)
 
Support: 18200
Resistance: 18730
 
Stocks
 
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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