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Nifty outlook and recommendations for 28'Dec 17

Way2wealth | 28 Dec, 2017  | Follow Author | Add to my Favourites 
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Tuesday’s optimistic closing was followed by flat opening and Nifty index traded in  a  narrow  range  during  the  first  half.  Post  mid-session, the  bears  entered  the market  and  pulled  index  sharply  lower.  In  the  process,  Nifty  index  ended  the session  near  the lowest point of the day. Looking at the hourly chart, yesterday’s low  coincided  with  the  hourly  45-EMA  and  the  lower  band  of  the  Bollinger  band indicator which  likely  to  act  as  an  immediate  support.  For  the  day,  10450 will  act as an immediate support below which the next support comes near 10410. Higher side, 10530 / 10570 are the resistance for the day.

Stocks For Today

Name                     Entry                       Target    Stop loss

AUROPHARMA      Buy Around 692         710          684

AMARAJABAT        Buy Above 840          862          830

COALINDIA            Buy At cmp 263        270           259.90

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271.20 +0.85
270.90 +0.65
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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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