The Nifty can test levels of 7,500-7,480 in the coming sessions, while a break above 7,600 can take the index to 7,750-7,800, said Sumeet Bagadia, associate director at Choice Broking.
Stock Talk
Buy Jindal Steel: The stock has resistance around Rs 68-69. Traders can buy this stock with stop loss at Rs 62 for target of Rs 80.
Buy Tata Steel: The stock has resistance at Rs 330. Investors can buy this stock for target of Rs 345-350 with stop loss at Rs 310.
Buy BHEL: Investors can buy this stock on dips for target of Rs 128-132 with stop loss at Rs 114-115.
Buy Axis Bank: The stock has potential to go up to Rs 450-470 in the near term. Investors can buy this stock around Rs 410.
Buy ICICI Bank: The stock looks good on charts and investors can buy this stock at current levels. The stock has support around Rs 208 and on higher side it can go up to Rs 240 and if Rs 240 is taken out on the higher side it can go up to Rs 260.
Buy State Bank of India: Investors can buy this stock at current levels for target of Rs 200-210 with stop loss at Rs 175.
Buy Bank of Baroda: Traders can buy at current levels for target of Rs 150-153.
Buy NTPC: The stock has resistance around Rs 132. Investors should buy this stock above Rs 132 for target of Rs 140-145.
Buy Dynamatic Technologies: The stock gave a good upside move on Friday. Investors can buy this stock above Rs 2,200 and fresh longs should be avoided at current levels.
Sell Tech Mahindra: Investors can sell this stock for target of Rs 410-420.
Sell Lupin: Use every rally as an opportunity to sell as long as the stock remains below Rs 1,630. Traders can short this stock for levels of Rs 1,300.
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