9:09 PM
Sara
After the severe correction in September and the first week of October, markets rebounded and broke the psychological barrier of 5,200 of Nifty during Oct 11. This week is a shortened one due to two trading holidays. Market is expected to be volatile. International developments will greatly influence the market trend in near future. Downside support exists at 5,235-5,240 and then 5,200. Upside resistance exist at 5,320-5,375-5,400.
For Nifty, on the upside the next level of resistance comes at 5,400. And a close over 5,400 will take Nifty to 5,480 levels. On the downside 5,230 is strong support.
Buy Nagarjuna Construction Company (NCC) with a price target of Rs 93.
Buy Bharti Airtel with a price target of Rs 515 as against the current market price (CMP) of Rs 398.
Buy Ashok Leyland with a price target of Rs 33 as against the current market price (CMP) of Rs 28.
Buy Jain Irrigation Systems with a price target of Rs 229
For Nifty, on the upside the next level of resistance comes at 5,400. And a close over 5,400 will take Nifty to 5,480 levels. On the downside 5,230 is strong support.
Buy Nagarjuna Construction Company (NCC) with a price target of Rs 93.
Buy Bharti Airtel with a price target of Rs 515 as against the current market price (CMP) of Rs 398.
Buy Ashok Leyland with a price target of Rs 33 as against the current market price (CMP) of Rs 28.
Buy Jain Irrigation Systems with a price target of Rs 229
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