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Investment idea: Buy MOIL, ITC, ICICI Bank

Way2wealth | 26 Feb, 2018  | Follow Author | Add to my Favourites 
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On Friday, we saw decent rally in our market as Nifty index gained nearly percent over  its  previous  close  and  eventually  ended  tad  below  10500.  In  line  with  our expectation, index rebound on Friday and  we saw buying interest throughout the session.  Looking  at  the  hourly  chart,  index  precisely  tested  the  hourly  89-EMA.

Looking at the hourly chart, index retraced 61.8% of its entire move from the top of 10618 to the bottom of 10303. Going forward, 10545 will act as an immediate hurdle above which the next resistance comes near 10595. On the flip side, 10440 / 10390 are near term support.

Stocks For Today

Name              Entry                                  Target       Stop loss

MOIL                Buy Around 214.50               225              209

ITC                   Buy At cmp 269.05            278.50            265

ICICIBANK     Buy Around 321.50                334             313.85

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275.80 -7.75
275.55 -7.70
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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.


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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.

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