INSUBCONTINENT EXCLUSIVE:
cautiously optimistic and there is an increased risk awareness among options participants, said technical analysts
Britannia, HUL, Hero Motocorp, Apollo Tyres, Balkrishna Ind and GSK Consumers are some of the stocks that look promising on the charts, they
said.Where we are: The holidaycurtailed week gone by was dull yet eventful with the Nifty marking an all-time high of 11,856 amidst the
on-going Lok Sabha elections and macro uncertainty
Nifty closed the week at 11,752.
What is in store: Expect rangebound trade on the Nifty as we head into the expiry week
Levels wise, 11,820-11,890 target zones and 11,600-11,720 support zones
Stock-specific, FMCG majors Britannia and HUL show good chart structures and can be accumulated at current levels for higher targets of
3,600 and 1,852, respectively
Two-wheeler major Hero Motors has been long consolidating in the current range and can be accumulated for short to medium term target of
Apollo Tyres and Balkrishna Industries also look good on charts and are expected to head towards 235, 1,052 in short to medium term
Among midcap counters, GSK Consumers, LT Technology are showing promising charts and can be accumulated for higher targets of 7,900 and
