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Axis Securities recommends accumulating Varroc Engineering in the Rs 540-530 range, with a target price of Rs 595, offering an upside potential of 11-15 percent.
In terms of levels, immediate resistance is identified at 22,530, a level of significant importance on higher time frames, with further resistance seen at 22,800 followed by 23,170 for the Nifty.
In terms of levels, immediate resistance is identified at 22,530, a level of significant importance on higher time frames, with further resistance seen at 22,800 followed by 23,170 for the Nifty.
From the Sensex stock, Bajaj Finance, Bajaj Finserv, ICICI Bank and Wipro opened with gains, while Maruti Suzuki, HCL Tech, Titan, Tech Mahindra, and Asian Paints opened with cuts.
Biggest gainers on the Nifty were RIL, Maruti Suzuki, Bajaj Auto, Bajaj Finance and Titan Company, while losers included Hero MotoCorp, Tata Consumer Products, Apollo Hospitals, Dr Reddy's Labs and Wipro