The market is trading higher now. Sensex is at 17,708, up 108 points from the previous close. Nifty is at 5243, up 15 points. Realty, banking and capital goods stocks are popular today, while some auto stocks are being dumped.
Emkay has a ’buy’ rating on SBI, with a target price of Rs 2,200, reports CNBC-TV18. The stock is currently trading at Rs 1,802, down 1.1% on the BSE. »
Reliance Industrial Infra can go up to Rs 1,745, where it might face some resistance, says Hemen Kapadia, technical analyst, on NDTV Profit. Above this, Rs 1,830 is also possible, he adds. So continue to hold the stock for now, he suggests. It is currently trading at Rs 1,709.65, up 5% on the BSE.
Allahabad Bank has support at Rs 83 and may face resistant at Rs 101, says Hemen Kapadia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 92.10, up 5.8% on the BSE.
If Idea Cellular can close above Rs 113, then one can take a short term trading call here, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. It can then go up to Rs 121 or more, he adds. Keep a stoploss below Rs 100, he adds. The stock is currently trading at Rs 107.90, down 0.6% on the BSE.
KS Oils can go up to Rs 98-100 in this month itself, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 64 and will face resistance at Rs 89, he adds. The stock is currently trading at Rs 83.20, up 1.6% on the BSE.
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