Weekly NIFTY Technicals , News Letter and Stock Ideas

Markets were volatile last week.
Get NIFTY Technicals here.

No special news this week.
Adani Power IPO which was offered at Rs100 opened at 8% premium.

Sectors on which we are bullish this week :
IT.
Pharma.

Stocks to watch out for this week :

Aurobindo Pharma : Buy above 690 for targets of 720 and 735. SL of 681

MNM : Buy above 800 for targets of 820 and 845. SL of 792

TATA Motors : Buy above 430 for targets of 440 and 448. SL of 425

Happy Investing!

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Buy Aurobindo Pharma for target of Rs 545: India Infoline

Buy Aurobindo Pharma for target of Rs 545: India Infoline
India Infoline has advised traders to buy Aurobindo Pharma for target of
Rs 545.
“On the daily chart, Aurobindo Pharma has given a bullish breakout and in the process has also made an intermediate top, suggesting that its short-term trend has also turned up. Over the last four weeks, the stock was consolidating in the range of Rs 425-506, before finally breaking out on Wednesday. The upmove was well supported by healthy volumes, which suggest accumulation. Other technical oscillators are also positive. We recommend traders to buy the stock between the range of Rs 515-523 for target of Rs 545. It is advisable to maintain a stop loss of Rs 507,” said the technical note.

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