Free Stock Tips | Free Intraday Tips
These top 5 stocks could offer up to 13% returns ahead of April expiry.
The index has resistance zone at 10,630-10,700 levels. In Nifty options, strike price 10,700 Call has the highest open interest (OI) in Calls, suggesting market could head towards 10,700 levels but likely to face resistance this level,
Domestic equity markets opened the week on a positive note with the Nifty hitting its intraday high of 10,638 levels on Monday. But profit booking in the last hour of trade saw the index closing near its opening, with a gain of 0.20 percent at 10,585 levels.
The market’s breadth was flat with one advancing stock for every decline on the NSE. On the daily chart, the index formed a Long Legged Doji candlestick pattern on Monday. This suggests indecisiveness in the market as index swung both ways.
The Nifty failed to sustain above 10,630 levels which is February’s congestion zone high and the 61.8 percent Fibonacci retracement of the whole fall that comes around 10,700 levels.
Thomas Cook (India): BUY | CMP: Rs 284 | Stop loss: Rs 270 | Target: Rs 320 | Return 12%
Shriram Transport Finance: BUY | CMP: Rs 1589| Stop loss: Rs 1540 | Target: Rs 1720 | Return 8%
Mahindra & Mahindra: BUY | CMP: Rs 824 | Stop loss: Rs 790 | Target: Rs 910 | Return 10%
Uniply Industries: BUY | CMP: Rs 440| Stop loss: Rs 415 | Target: Rs 500 | Return 13%
Zee Entertainment Enterprises: BUY | CMP: Rs 595 | Stop loss: Rs 570 | Target: Rs 660 | Return: 11%
The stock has seen a correction from its all-time high of Rs 619 touched in January this year to low of Rs 547 levels in March. Bounce back from lower levels faced resistance at 61.8 percent Fibonacci retracement level of the fall from Rs 619 to Rs 547 that comes around at Rs 591 levels.
If you want more information regardingtheMarket News & many other tips like Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tip.
Call On TOLL FREE Number: 9009010900
Whatsapp User Join Our Group: 930042111
No comments:
Post a Comment