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Last Updated : Sep 02, 2016 10:50 AM IST | Source:

Support for Nifty at 8730-8750: Prakash Gaba

According to Prakash Gaba of, Nifty has support at 8750-8730 and resistance at 8800-8850 while Bank Nifty has support at 19600 and resistance at 20000.

Prakash Gaba of

Key levels to watch out today

Nifty (8775)

Support: 8750-8730
Resistance: 8800-8850

Bank Nifty (19789)

Support: 19600
Resistance: 20000


Bullish plays

Coal India: Bounce from support
Target: Rs 344
Stop loss: Rs 334

Hindustan Unilever: Indicator buy
Target: Rs 935
Stop loss: Rs 913

UltraTech Cement: Momentum pull
Target: Rs 4200
Stop loss: Rs 4020

Bearish plays

Adani Enterprises: Break down
Target: Rs 68
Stop loss: Rs 73

Bharat Heavy Electricals: Break down
Target: Rs 130
Stop loss: Rs 139

Idea Cellular: Break down
Target: Rs 75
Stop loss: Rs 95

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First Published on Sep 2, 2016 08:18 am
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