Ashwani Gujral of ashwanigujral.com recommends buying Voltas with a stop loss of Rs 672, target of Rs 695, Titan Company with a stop loss of Rs 1130, target of Rs 1165 and Tech Mahindra with a stop loss of Rs 718, target of Rs 742.
The Sensex was up 246.68 points, or 0.65 percent, at 38,127.08, while the Nifty was up 70.50 points, or 0.63 percent, at 11,305. About 1,084 shares advanced, 1,360 shares declined, and 155 shares remained unchanged.
The Nifty50 registered a Spinning Top formation on the daily charts, indicating indecisiveness among investors. On the weekly chart, however, it formed a formed bullish candle.
According to the pivot charts, the key support level for Nifty is placed at 11,208.63, followed by 11,112.27. If the index starts moving up, key resistance levels to watch out for are 11,382.13 and 11,459.27.
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