 "Representative Image")
Utilize dips to create fresh long positions
Nifty took some breather after leaping more than 8 per cent in just two sessions. The gap up opening on Sep 23rd, 2019 has left the unfilled range of 11,400-11,500 and same can act as strong support for Nifty going forward. Resistance for Nifty is seen at 11,757 followed by 12,000.
Stock recommendation:
BUY JK CEMENT (Rs 1,139)
Target: Rs 1,250
Stop-loss: Rs 1,080
Target: Rs 1,250
Stop-loss: Rs 1,080
The stock has surpassed the previous top resistance on the daily charts with higher volumes and is on the verge of registering new all time high above Rs 1,182.
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