Indices are expected to open on flat note and thereafter will continue to consolidate in narrow band of 10370-10300 levels. On higher side 10400-10420 will act a stiff supply zone for nifty whereas put writing at 10300 will prove as strong support. However, if nifty sustains above 10400 than another round of short covering can be seen driving indices above 10500 levels whereas on lower side breach of 10300 can drag the index towards 10220-10180 levels.
Script Action Initiation Target SL
HCLTECH BUY Around 850 868 842
HAVELLS BUY Around 504 520 496
Click here to read the full report
Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.
For more information please write in to firstname.lastname@example.org
Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.