 "markets, share market")
MARKET VIEW
Nifty has for now taken support of 11,700, with the daily trend in Nifty and Bank Nifty turning down. IT index has once again come in positive territory to act as a defensive counter. The support for the week is seen at 38,930/11,650 for the Sensex and Nifty, respectively while resistance is seen at 40,320/12,100. Bank Nifty would have a range of 30,370-31,770. OMC (oil marketing companies) and paint stocks along with few FMCG would be the stocks to be viewed with a positive bias.
BUY VOLTAS
CMP: Rs 617.20
TARGET: Rs 670
STOP LOSS: Rs 580
The
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