Nifty weak at higher end
Nifty has support around 17000
And resistance around 17400. If nifty able to sustain above 17400 then may reach to certain higher level. But nifty may show panic sell at higher level. We should remain cautious at higher level.
Bank nifty support 35500 and resistance 36800 and 37600.
Stocks to trade positional with stop loss are follows, please follow disclaimer on www.cmilonline.com
Name of Stock | Action | Action price | Stop loss | target |
ACC | SHORT SELL | 2310 | 2350 | 2100 |
AUROBINDO | BUY | 660 | 640 | 740 |
BAJAJ AUTO | BUY | 3250 | 3220 | 3400 |
BERGER PAIN | SHORT SELL | 750 | 770 | 700 |
BHARTI AIRTEL | SHORT SELL | 730 | 750 | 650 |
COALPAL | BUY | 1430 | 1410 | 1510 |
DR REDDY | SHORT SELL | 4630 | 4700 | 4400 |
ULTRATEC | SHORT SELL | 7500 | 7520 | 7300 |
AXIS BANK | BUY | 650 | 620 | 720 |