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

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.

December 12, 2016 / 11:06 IST
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Prakash Gaba of prakashgaba.comKey levels to watch out todayNifty (8261)          Support: 8240Resistance: 8391                    Bank Nifty (18696) Support: 18500Resistance: 18800 Stocks Bullish plays ACC: Break outTarget: Rs 1415Stop loss: Rs 1355     CESC: Break outTarget: Rs 645Stop loss: Rs 615 Reliance Infra: Break outTarget: Rs 505Stop loss: Rs 486 Yes Bank: IndicatorTarget: Rs 1250Stop 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."

first published: Dec 12, 2016 08:13 am

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