 "Trading Strategy")
NIFTY VIEW
Nifty continues to have its weekly trend up while Bank Nifty has failed to show weekly reversal. The bias once again turns positive. Also, with the onset of the result season, we anticipate volatile movements. The support for the week is seen at 40,960/12,050 while resistance is seen at 42,200/12,450. Bank Nifty would have a range of 31,750-32,700. Auto, FMCG, Pharma, look positive and are showing potential for further upside. Mid Cap sector too looks positive. Weightage among Nifty50 stocks is equally distributed.
BUY HINDUSTAN UNILEVER | CMP: Rs 1,954 | TARGET: Rs 2,100 | STOP LOSS: 1,900
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