Nifty View
The market closed at an all-time high on Friday with indicators showing potential for higher targets, so bias continues to be positive. This also being a truncated week, market may consolidate or move in narrow range. The support for the week is seen at 40,980/12,040 while resistance is seen at 42,370/12,500 for Sensex and Nifty, respectively. Bank Nifty would have a range of 31,690-33,080. Among banking stocks HDFC Bank looks positive along with ICICI and State Bank of India (SBI). Market at this level will witness stock specific movement with trend of all periodicities continuing to be positive.
BUY MARICO