Last Close: Rs 1,516
Target: Rs 1,550
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Last Close: Rs 500.05
Initiation range: Rs 495-500
Target: Rs 524
Stop loss: Rs 488
ICICIPRULI has retraced marginally of late from its record high and found support around the 50-day EMA on the daily chart. After hovering in a narrow range for nearly two weeks around that zone, it’s now all set to resume the uptrend. We advise initiating fresh longs within the given range.
Sell January Futures of LIC HOUSING FINANCE LIMITED
Last Close: Rs 426.50
Initiation range: Rs 430-435
Target: Rs 410
Stop loss: Rs 442
LICHSGFIN has been trading in a corrective phase for the last two years and currently trading below the resistance zone of major moving averages(100 and 200 EMA) on multiple time frames. The recent rebound is offering a fresh shorting opportunity to those who had missed the chance earlier. We advise initiating fresh shorts in the mentioned zone.
Last Close: Rs 332.50
Initiation range: Rs 334-337
Target: Rs 320
Stop loss: Rs 342
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