 "Markets, Buy, Sell, Stocks")
Target of 12,000 and 12,400 on cards for Nifty50
Nifty broke out from the consolidation range of 11,550 to 11,760 to register an all-time high of 11,810 during Tuesday’s session. The index took support on its 20-day moving average (DMA) during previous week and resumed the uptrend. It is now heading for the upside targets of 12,000 and 12,400. Support is now shifted upward to 11,700 levels.
Nifty broke out from the consolidation range of 11,550 to 11,760 to register an all-time high of 11,810 during Tuesday’s session. The index took support on its 20-day moving average (DMA) during previous week and resumed the uptrend. It is now heading for the upside targets of 12,000 and 12,400. Support is now shifted upward to 11,700 levels.
ONGC
Recommendation: Buy
Last Close: Rs 160
Target: Rs 155
Stop-loss: Rs 168
The stock has broken out from the consolidation range of Rs 155-160. It has been sustaining above its
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