For the Nifty, there is significant support in the 17,674-17,622 zone. We expect the Nifty to see levels of 18,000-18,100 in the near term.
Yesterday’s trade saw a post-budget rally in the market. In Wednesday’s trade, the Sensex closed 700 points higher at 59,000. At the same time, the Nifty rose more than 1 percent to close at 17,780. Financial and technical stocks saw good gains in yesterday’s transaction.
Rajesh Palvia of Axis Securities said the Nifty has made a bullish candle on the daily chart and closed above the previous day’s high, which is a sign of continuity in the market. On the overall chart, the Nifty is showing an upward trend and forming a higher top and a higher bottom series, indicating a positive trend in the market. For the Nifty, there is significant support in the 17,674-17,622 zone. We expect the Nifty to see levels of 18,000-18,100 in the near term. Rajesh Palvia advised short-term traders to hold their long positions with a stop loss of 17,600. The 17,600 has significant support for the Nifty.
Today’s intraday calls that can make a lot of money
Sumit Bagdia’s Intraday Call of Choice Broking
Usha Martin: Buy current level, target 94-99 rupees, stop loss 88 rupees
Voltas: Buy current level, target 1250 rupees, stop loss 1180 rupees
Is Anil Agarwal thinking of merging Vedanta with the Indian branch? Find out what the media reports are saying
Anuj Gupta’s intraday call from IIFL Securities
Federal Bank: Buy current level, target 108 rupees, stop loss 96 rupees
Bharti Airtel: Buy at current level, target Rs 765, stop loss Rs 695
Intraday photo of Abinash Gorakshak of Profitmart Securities
Kotak Mahindra Bank: Buy current level, target 1995 rupees, stop loss 1915 rupees
Voltas: Buy current level, target 1265 rupees, stop loss 1190 rupees
