Nifty Futures
Buy Nifty Futures around Rs 5,400-5,410
Target Rs 5,440-5,460
Stop Loss below Rs 5,380.
Bank Nifty Futures
Buy Bank Nifty Futures around Rs 10,570-10,580
Target Rs 10,630-10,680
Stop Loss below Rs 10,540.
KOTAK MAHINDRA BANK
KOTAK MAHINDRA BANK today resisted from the higher levels and made an intraday low of 437.35. The stock has support level at 432 and resistance level at 452. It is expected consolidate with negative biasness in short term, breaching of support level may take the stock at lower levels.
Resistance2- 454.55, Resistance1- 446.85, Pivot Point 442.1,
Support1- 434.4, Support2- 429.65
Sell KOTAK MAHINDRA
Target - 433 & 425.
Strict Stop Loss - 444
RANBAXY
Ranbaxy traded above its 10 days and 50 days moving averages with good volume and closed at 539.75; from this level either side of movement would be expected. The stock may reach to the level of 560 if it manages to trade above the resistance level of 547, above this level it might be in an upward trend.
Resistance2- 548.38, Resistance1- 544.07, Pivot Point 540.68,
Support1- 536.37, Support2- 532.98
Buy Ranbaxy above 538.00
Target - 545
Stop Loss - 532
Buy Nifty Futures around Rs 5,400-5,410
Target Rs 5,440-5,460
Stop Loss below Rs 5,380.
Bank Nifty Futures
Buy Bank Nifty Futures around Rs 10,570-10,580
Target Rs 10,630-10,680
Stop Loss below Rs 10,540.
KOTAK MAHINDRA BANK
KOTAK MAHINDRA BANK today resisted from the higher levels and made an intraday low of 437.35. The stock has support level at 432 and resistance level at 452. It is expected consolidate with negative biasness in short term, breaching of support level may take the stock at lower levels.
Resistance2- 454.55, Resistance1- 446.85, Pivot Point 442.1,
Support1- 434.4, Support2- 429.65
Sell KOTAK MAHINDRA
Target - 433 & 425.
Strict Stop Loss - 444
RANBAXY
Ranbaxy traded above its 10 days and 50 days moving averages with good volume and closed at 539.75; from this level either side of movement would be expected. The stock may reach to the level of 560 if it manages to trade above the resistance level of 547, above this level it might be in an upward trend.
Resistance2- 548.38, Resistance1- 544.07, Pivot Point 540.68,
Support1- 536.37, Support2- 532.98
Buy Ranbaxy above 538.00
Target - 545
Stop Loss - 532
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