Market news

BUY at current levels. One can BUY with a stop loss of Rs 363  for the target of Rs 400/410 levels in short-term. 

CASTROL- BUY
CLOSE – Rs 200
TARGET – Rs 217-225

CASTROL closed the weekly in positive territory. Its outperforming in short term.It managed to hold crucial support of 20 DMA .Its daily momentum indicators are in BUY. Risk Reward is favourable to BUY at current levels.One can buy with a stop loss of Rs 188  for the target of Rs 217/225  levels in short-term. 

INDUSIND BANK- BUY
CLOSE – Rs 1700
TARGET – Rs 1750-1790

INDUSIND BANK closed the weekly in positive territory. Its outperforming in short term. Its also trading above 20 DMA. Its daily momentum indicators are in BUY. Risk Reward is favourable to BUY at current levels.One can buy with a stop loss of Rs 1663 for the target of Rs 1750/1790  levels in short-term. 

TATA STEEL- SELL
CLOSE – Rs 611.50
TARGET – Rs 593-575

TATA STEEL closed the weekly in negative territory. It has broken bearish H&S pattern on down side.Its daily momentum indicators are in SELL. It also closed below 200 DMA at the end of weekly trading session. One can SELL with a stop loss of Rs 646  for the target of Rs 593/575  levels in short-term. 

AXIS BANK- SELL
CLOSE – Rs 508
TARGET – Rs 480-475

AXIS BANK closed the weekly in negative territory.Its daily momentum indicators are in SELL. It also closed below 200 DMA at the end of weekly trading session. One can SELL with a stop loss of Rs 546  for the target of Rs 480/465  levels in short-term.