CMP 3412.00 , On the charts the stock is trading in bullish trend channel, In last trading session the stock shown strong pull back from the demand zone of 3250-3280 and RSI at 64.00. So a buy call has been recommended from the current level for the target of 3550-3650 in the short run with the stop loss below 3250.
Nifty fifty index continue to trade in range bound movement and finally shut shop at 8666.90 with minus of 5.25 points on weekly basis. For coming Monday Nifty hold support at 8630-8595-8520 and have resistance at 8705-8745-8785.
On long term chart Nifty is trading in rising trend channel. For coming week Nifty holds important support levels at 8500-8350 and have major resistance at 8750-8880.
