The Nifty ended near its 50-day EMA. The EMA levels acted as a hurdle zone during the start of December. Follow-up action needs to be closely watched out as sustenance above 17,300 is essential to gain further positive traction. Any throwback below 17,300 could lead Nifty to consolidate to digest recent gains.

Bank Nifty continued its overall under-performance, down for the consecutive month. On Friday, Bank Nifty filled its downward gap at 35,535 which it formed on December 20. Mixed a ..


1}  Godrej Consumer Product

     | Buy | Near Rs 960


    Stop loss: Rs 938

    Target: Rs 1,005
2} 
    Buy 
Welspun Corp
 near Rs 178
    Stop loss: Rs 172
    Target: Rs 191
    With sustained move above important averages, the stock         has again gained positive traction. 
    Sustenance is likely to         
    lift the stock to Rs 195-200 zone.

3}
        Buy L&T Finance Holdings near Rs 78
        Stop loss: Rs 75
        Target: Rs 85
        Monday’s bullish candle with a large lower shadow                     ensures an immediate floor near Rs 75 for the ..