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Last Updated : Dec 12, 2016 11:06 AM IST | Source: Moneycontrol.com

Support for Nifty at 8240; buy Yes Bank: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 8240 and resistance at 8391 while Bank Nifty has support at 18500 and resistance at 18800.


Prakash Gaba of prakashgaba.com

Key levels to watch out today

Nifty (8261)        
 
Support: 8240
Resistance: 8391                  
 
Bank Nifty (18696)
 
Support: 18500
Resistance: 18800
 
Stocks
 
Bullish plays
 
ACC: Break out
Target: Rs 1415
Stop loss: Rs 1355   
 
CESC: Break out
Target: Rs 645
Stop loss: Rs 615
 
Reliance Infra: Break out
Target: Rs 505
Stop loss: Rs 486
 
Yes Bank: Indicator
Target: Rs 1250
Stop loss: Rs 1192

"NMDC is looking good to me, looks like it can climb to levels closer to Rs 133, keep stop loss below Rs 126."

"I also like Rolta. It is looking good, the target is around Rs 65-67 zone, keep stop loss below Rs 57."

"Stock that looks weak is Bajaj Auto, that can slide down to levels closer to around Rs 2,650 and I would have a stop loss about Rs 2,727 and trade short."

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First Published on Dec 12, 2016 08:13 am
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