NIFTY VIEW
Nifty once again retested near the peak level of 12,040 but failed to maintain the momentum and succumbed to profit-booking. On the upper side, only a breach above 12,080 levels can bring about fresh upward progress else we shall find a rangebound movement for the index. However, support for the week is seen at 39,000/11,700 for Sensex and Nifty, respectively while resistance is seen at 40,400/12,150. Bank Nifty would have a range of 30,680-32,080. We suggest to go for select stocks till further clarification.
BUY GODREJ CONSUMER PRODUCTS
CMP: Rs 688.05
TARGET: Rs 735
STOP LOSS: Rs 650
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