Nifty bounced back from the lows of around 4100 and almost closed at weeks high at 4376.On weekly chart shows a hammer at a trend line is formed which signifies fresh buying interest and Nifty on daily charts has corrected on the oscillator as well,so we can see an upside on the Nifty and see levels around 4450-4483 and once we close above 4483 we may see a strong rally coming in Nifty which may lead to Nifty making new 52-Week Highs. Support for Nifty is seen at 4100 & then 3870.Resistance is seen at 4450-4483.
- STOCKS OF THE WEEK:-
- BUY BRFL AT CMP 200.90 TGT 225 SL 187.90
- BUY SIEMENS AT CMP 502 TGT 550,575 SL 473
- BUY VIDEOIND. AT CMP 182 TGT 250 SL 169
- BUY PATEL ENG. AT CMP 405 TGT 450,475 SL 379
(Note:All the information and opinions mentioned above are purely based on Technical Analysis) The above stocks are recommended only for the current week
