Zee Business Managing Editor Anil Singhvi highlighted that 13250-13275 will act as the day’s support zone on Nifty while below that, 13100-13150 will be strong buy zone and 13425-13500 will act as day’s higher zone. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Singhvi said for new positions on Bank Nifty one can buy in 29750-29950 range with stop loss of 29600 and target of 30050, 30200, 30350 and 30450. Aggressive Traders can buy in 29950-30050 range with stop loss of 29900 and target of 30200, 30350, 30450, 30625, 30825. Also, for new positions, one can sell Bank Nifty in 30600-30800 range with stop loss of 30900 and target of 30450, 30350, 30200, 30150. 

See Zee Business Live TV Streaming Below:

Special Pick: AU Small Finance Bank 

In his chat with the Market Guru, analyst Rakesh Bansal has picked AU Small Finance. He beileves that this stock pick is ready for a good up-move from here. He said that technically the AU Small Finance Bank stock is poised for a big breakout and will move up sharply from here on. Kunal Saraogi highlighted that the chart structure on the stock is extremely good. AU Small Finance Bank stock seems to be ready for a good breakout. The first target for AU Small Finance Bank would be Rs 960, second target would be Rs 985 and would move over Rs 1000 eventually with stop loss of Rs 905.