The market is still looking weak. Sensex is at 16,592, down 144 points from the previous close. Nifty is at 4930, down 51 points. CNX Midcap index is down 2.6% and BSE Smallcap index, down 2.7%. All sectoral indices are trading lower, with that of realty, metal and capital goods being beaten up the most. Market breadth is also extremely weak, with just 119 advances against 1,065 declines on the NSE
Deutsche Bank has cut its target price for ICICI Bank by 26% to Rs 1,300, reports NDTV Profit. The stock is currently trading at Rs 864.95, down over 1% on the BSE.
RPL has a strong support zone between Rs 140 and Rs 170, says Simi Bhaumik, techncial analyst, on NDTV Profit. One can look at buying the stock on dips or even at current levels for the long term, keeping stoploss below Rs 140, she suggests. It has a target price of over Rs 210, she says
A good level to buy Essar Oil can be Rs 232-233, says Sandeep Wagle, chief technical analyst, Angel Broking, on NDTV Profit. Long term charts look bullish, he adds. The stock is currently trading at Rs 243, down 5.5% on the BSE.
TTML has resistance at Rs 38-39, but once Rs 40 is crossed, it can go up to Rs 48-50, says Sandeep Wagle, chief technical analyst, Angel Broking, on NDTV Profit. The stock is currently trading at Rs 34.55, up 1.6% on the BSE
DCB seems to have support at Rs 75 for now, says MB Singh, technical analyst, on Zee Business. One should look to exit the counter on rallies, close to Rs 105-107, he suggests. The stock is currently trading at Rs 88.35, down 4.6% on the BSE
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