NIFTY VIEW
The Nifty has corrected nearly by 4 per cent from its peak of 10930. The near-term support now occurs at 10440-10500 levels, which would be a retracement of around 50 per cent. A bounce from this level is very likely, failing which we can see a further slide up to 10330, which also coincides with 200DMA. The support for the day is seen at 10450 while resistance is seen at 10570.
BUY MUTHOOT CAPITAL
CMP : 972.05
TARGET : 1050
STOP LOSS : 940
CMP : 972.05
TARGET : 1050
STOP LOSS : 940
The stock has been in a consolidation phase at