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Hold Longs in Nifty with 12100 Stop-loss; Resistance seen at 12300
The Nifty has been facing stiff resistance at 12,300 for last three consecutive weeks. Any level above 12,300 would result in a fresh breakout. Immediate support for the Nifty is seen at 12,100, where 20-day simple moving average and exponential moving average are placed.
Stock ideas
BUY GUJARAT GAS (Rs 238): | Target: Rs 252 | Stop-loss: Rs 230
BUY GUJARAT GAS (Rs 238): | Target: Rs 252 | Stop-loss: Rs 230
The stock price has broken out from last three week’s consolidation. Volume during the price breakout was significantly higher. The primary trend of the stock has been bullish with higher tops and
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