Ashwani Gujral of ashwanigujral.com recommends buying Escorts with a stop loss of Rs 625, target of Rs 650 and Adani Enterprises with a stop loss of Rs 150, target of Rs 165.
The market ended higher for the third consecutive October 15 with Nifty closing above 11,800 after eight trading session. The Sensex ended 291.62 points higher at 38,506.09, while Nifty was up 87.10 points at 11,428.30.
Market breadth was in favour of declines as 1,353 shares declined, 1,091 shares advanced, while 184 shares remained unchanged.
According to the pivot charts, the key support level for Nifty is placed at 11,359.5, followed by 11,290.7. If the index starts moving up, key resistance levels to watch out for are 11,479.7 and 11,531.1.
Nifty Bank closed with a gain of 373.15 points at 28,555.1. The important pivot level, which will act as crucial support for the index, is placed at 28,262.6, followed by 27,970.1. On the upside, key resistance levels are placed at 28,771.2 and 28,987.3.
FOR MORE INFORMATION: RESEARCH_PANEL_INVESTMENT_ADVISER
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