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Markets still volatile. Bharti Airtel and BHEL are good choice
High volatility continues in market. Nifty Future has to close above 5090 to think about bulls. Investors can give it a try at value buying at these levels. Nifty has major resistance at 5180 levels.
Support – 5060 / 5036
Resistance – 5120 / 5146 / 5162
Bank Nifty future
Closing above 10220 levels will be a positive sign for bulls in bank nifty. it has resistance at 10450 levels and support at 10070 levels.
Stocks to watch, buy the following stocks if they go above yesterday's high with a stop loss at 1% and a target price of 1.5% from current level.
Bharti Airtel
BHEL
HDFC
Kotak Bank
Raymond
Rajesh V. Ravanappan is a practitioner of technical analysis. He has eight years of experience in the share broking industry. He is a contributing writer for www.goodreturns.in. You can contact him at rajeshvravanappan (at) gmail (dot) com
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