Nifty support shifts higher, next target at 9,650: Vinay Rajani of HDFC Sec

Near above 9,390 augers well for Nifty, Upcoming Focus on 9,650

Nifty has managed to take out the robust resistance of 9,390, which occurs to be the previous best on the short time period charts. Upcoming resistance for the Nifty is observed at 9,650, adopted by 9,970. Assist for the index is now shifted up to 9,200.

Inventory Thoughts

Buy IGL (469): | Focus on Rs. 500 | Cease-decline: Rs 450

The inventory is in in general uptrend with higher tops and higher bottoms on the each day and weekly charts. The inventory selling price is put above all critical moving averages. It has resumed its uptrend immediately after working correction. Indicators and Oscillators set up is bullish on the short-to-medium time period charts.

Buy EICHER MOTORS (14,340): | Focus on Rs. fifteen,000 | Cease-decline: Rs thirteen,815

This inventory has been holding its toughness for the very last few of

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