Nifty rose for the fourteenth consecutive session on Sept 03. At close, Nifty was up 1.15 points at 25279.9. Nifty formed a small negative candle with small lower shadow on Sept 03. Nifty once again remained in a narrow 86- point range through the day. Nifty could face resistance in the 25360-25400 band while 25130 could offer support in the near term.
Buy CEAT Ltd(2847): | Target Rs. 3193 | Stop-loss Rs 2575
Indicators and oscillators have turned bullish on daily and weekly chart. Stock price has started forming higher tops and higher bottoms on the daily charts
Buy Star Health and Allied Insurance(637.90): | Target Rs. 732 | Stop-loss Rs 587
Indicators and oscillators have turned bullish on daily and weekly chart. Stock price has started forming higher tops and higher bottoms on the daily charts.
(Vinay Rajani, CMT, is a senior technical & derivative analyst at HDFC Securities. Views expressed are his own)
First Published: Sep 04 2024 | 6:42 AM IST
