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Last Updated : Jan 27, 2017 10:58 AM IST | Source: Moneycontrol.com

Resistance for Nifty at 8653; Bata indicator buy: Prakash Gaba

Nifty has support at 8520 and resistance at 8653 while Bank Nifty has support at 19277 and resistance at 19731, says Prakash Gaba of prakashgaba.com.

Prakash Gaba of prakashgaba.com

Key levels to watch out today

Nifty (8603)

Support: 8520
Resistance: 8653

Bank Nifty (19473)

Support: 19277
Resistance: 19731

Stocks

Bullish plays

Bata India: Indicator buy
Target: Rs 495
Stop loss: Rs 472

Dewan Housing Finance: Indicator buy
Target: Rs 293
Stop loss: Rs 280

Mahindra & Mahindra: Break out
Target: Rs 1264
Stop loss: Rs 1225

SRF: Break out
Target: Rs 1750
Stop loss: Rs 1680

Bearish plays

Ajanta Pharma: Break down
Target: Rs 1650
Stop loss: Rs 1730

"I certainly like United Spirits. It has given a beautiful break out around Rs 2,200 zone. So the structure that I see is more of a running correction. It can climb to levels closer to Rs 2,450."

"I like LIC Housing Finance, that looks good to me. The stock can climb to levels closer to Rs 560, even Bajaj Finance is climbing to levels closer to Rs 1,050."

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First Published on Jan 27, 2017 07:51 am
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