Nifty will find its first support at the 4,900 level and the second support at the 4,750 level : Nirmal Bang

You can’t attach value to certain things. Most of the so called research reports available are useless. But we rate research news letter published by Nirmal Bang as excellent. Their advices are prudent and timely. Samples are published below.

Over the next fortnight, the Nifty will find its first support at the 4,900 level and the second support at the 4,750 level. On the upper side, it has resistance at the 5,200 level. It will remain range-bound between these levels. Due to selling pressure by FIIs, traders should avoid taking positions on upper levels.

In the banking pack, the stocks of State Bank of India and Axis Bank are looking good. Sectorally speaking, the cement sector is looking weak and is best avoided. However, some individual stocks are looking good at their current levels and can be bought at declines for investment purposes.
Among them are SRF Ltd (LTP: Rs 206.60), Jindal
Saw Ltd (LTP: Rs 801.9), Aurobindo Pharma Ltd(LTP: Rs 822.10), Amara Raja Batteries Ltd (LTP:
Rs 158.15), Castrol India Ltd (LTP: Rs 575.35) andTorrent Power Ltd (LTP: Rs 306.15).

Beyond Market – Nirmal Bang’s Research Report

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