We recommend a buy on ICICI Bank and SBI for the session.
The near-term outlook is bullish for L&T, Reliance Capital and Reliance Communications. We recommend a buy on these counters.
We recommend a buy in RIL with tight stop-loss at Rs 1,554.
We recommend a buy on Nifty Futures as long as it trades above 3,039 level, with tight stop.
| Company | LTP (Rs) | Support 1 | Support 2 | Resistance 1 | Resistance 2 |
| ICICI Bank | 349 | 340 | 329 | 356 | 366 |
| SBI | 1073 | 1055 | 1030 | 1094 | 1120 |
| L&T | 672 | 655 | 640 | 690 | 711 |
| Reliance Capital | 386 | 370 | 349 | 400 | 420 |
| Reliance Communications | 179 | 175 | 168 | 185 | 191 |
| RIL | 1579 | 1554 | 1523 | 1600 | 1630 |
| Nifty Futures | 3061 | 3039 | 3014 | 3083 | 3115 |
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*Last
Traded Price
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The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading
In a buy recommendation, the supports would be the targets and the nearest resistance would be the stop loss; The recommendations would be valid for todays trading only. LTP - Last traded price.
