Nifty of Next Week
Nifty future as expected resulted in sell off after positive opening near 6224 has seen huge profit booking in the last trading session. now on the upside resistance is at 6160/6200 levels and on the downside support is at 6050/5980 levels. we recommend selling on rise with strict stoploss of 6150.
Bank nifty future as expected resulted in sell off after positive opening near 12685 has seen huge profit booking in the last trading session. now on the upside resistance is at 12520/12600 levels and on the downside support is at 12180/12085 levels. we recommend selling on rise with strict stoploss of 12620.
Stock of the week - pratibha industries ( buy )
pratibha industry has been in the consolidation zone of 85 to 78 and now is showing bottoming formation. if it breaks its resistance level of 85, we can see some up move in the counter up to 87.50,90 and 94 .one can buy it above 85 with stop loss of 81.25 for target of 87.50,90 and 94.
