VN Research & Consulting
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds

Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
You are here : IndiaNotes >> Research & Analysis >> Companies >> Bharti Airtel Ltd. >> Research

Investment Idea: Buy Advanced Enzyme Technologies and Bharti Airtel; Sell Zee Entertainment Enterprises

Way2wealth | 01 Mar, 2018  | Follow Author | Add to my Favourites 
  • Rate this article
    (Average Rating 0.0 Based on 0 ratings)

Nifty Spot

On Wednesday, the Nifty index opened on pessimistic note owing to the negative global  cues. Post  opening,  the  bouts  off  buying  interest  pulled  index  higher  from its early morning low and Nifty oscillated near 10500 marks. Subsequently, we saw decent recovery during  the  second  half however  such  rally  got  sold-into. As  a result,  Nifty  index  eventually  ended  near  its  opening  tick.  Looking  at  the  daily chart, yesterday’s low was coincided with the daily 9-EMA  &  89 -EMA.  Going forward,  10455  will  act  as  an  immediate  support  below  which  the  next  support comes near 10420. On the other side, 10530 / 10567 will act as an intraday hurdle.

Bank Nifty Spot

Yesterday,  the  Nifty  Bank  index  opened  lower  with  a  gap  of  more  than  a  percent and  remained  under  pressure during  the  first  half.  Post  mid-session,  we  saw decent recovery  from  its  intraday  low;  however, the  index  eventually  ended  well inside the negative territory. At this juncture, the Nifty Bank index retraced 78.6% of its recent up move which doesn’t bode well for bulls. On an hourly chart, the RSI (14)  came  near  40  levels.  For  the  day,  24980  /  24780  are near  term support  for index whereas 25235 / 25360 are immediate hurdles.

Stocks For Today

Name                             Entry               Target        Stop loss

ADVENZYMES         Buy Around 240       255            233.50

BHARTIARTL            Buy Around 427       440            420.50

ZEEL                         Sell Around 821       553.50        576.75

  Read full report Click here to read the full report

411.15 -4.10
412.70 -2.90
Read More
About Way2wealth

Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.


For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

Technical Calls

What are technical calls?

Other Articles

Have a question?