Market traded with sideways sentiments through-out Friday but banking and financial stocks slipped in the second half. Nifty managed to close at 9,251.50, adding 52.45 points. FMCG, Pharma and technology stocks traded with positive sentiments whereas auto, PSU banks, metal sector closed in the red. Nifty bank closed at 19,352.90, slashing 138.90 points from the previous day’s closing.
Target: Rs 512
Stop loss: Rs 450
The stock is witnessing reversal pattern on daily charts. Further, it is taking support from the zone from 450. Breakout from its resistance levels of 472 would lead stock to witness more upward movement. Considering the technical evidence discussed, we recommend buying the stock above 472 for the target of 512, keeping a stop loss at 450 on a closing basis.
Target: Rs 880
Stop loss: Rs 810
The stock is witnessing reversal patter on daily charts. Further, the stock is taking support from the zone from 815. Breakout from its resistance levels of 842 would lead the stock to witness more upward movement. We recommend buying the stock above 842 for the target of 880, keeping a stop loss at 810 on a closing basis.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in