Moneycontrol Be a Pro
Get App
Last Updated : Oct 24, 2016 10:39 AM IST | Source:

Resistance for Nifty at 8775; PNB, Tata Chem bullish plays: Gaba

According to Prakash Gaba of, Nifty has support at 8625 and resistance at 8775 while Bank Nifty has support at 19500 and resistance at 19800-19950.

Prakash Gaba of

Key levels to watch out today

Nifty (8693)

Support: 8625
Resistance: 8775

Bank Nifty (19711)

Support: 19500
Resistance: 19800-19950


Bullish plays

PNB: Indicator Buy

Target: Rs 150
Stop loss: Rs 143

Tata Chemicals: Indicator buy

Target: Rs 590
Stop loss: Rs 568

Tech Mahindra: Base formation

Target: Rs 445
Stop loss: Rs 423

"I like Adani Ports. That looks okay, can climb to levels closer to Rs 298, keep stop loss below Rs 283."

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Oct 24, 2016 08:46 am
Follow us on
Available On
PCI DSS Compliant