Immediate target for Nifty is at 14,310: Vinay Rajani of HDFC Securities
Remain Bullish with 13,900 Stoploss in Nifty; Target 14,310 Nifty is expected to remain in an uptrend. Every dip is getting absorbed by the market and momentum has been in the favour of the bulls. Support for the index has shifted to 13,950 levels; and unless that breaches, traders should remain bullish. Insurance and Capital good sectors are likely to perform well for the short term. Immediate resistance for the Nifty is seen at 14,310. Stoploss in longs should be kept on trailing basis. Stock recommendation Buy Godrej Consumers (761) | Target: Rs 795 | Stop-loss: Rs 740 The stock has form...
Source: business-standard.com