Nifty has broken above a Inverse Head & Shoulder giving a target of 5400. Resistance for Nifty are due at 5200 & 5285. Nifty can derive supports at 5065, 5035 & 4965. Short Term outlook is Bullish
Stocks to Watch.
NTPC -> Buy above 205 for targets of 208 & 212. Stop loss below 200.00
Indian Bank -> Buy above 232 for targets of 235 & 255 (Medium Term). Stop Loss below 226
HDFC Bank -> Buy above 1912 for targets of 1948 & 1990. Stop Loss below 1885
Patel Eng -> Buy above 382 for targets of 396 & 412. Stop Loss below 370
Disclaimers as Applicable.
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