Indian Equity market took a breather on account of profit after hitting fresh life time high in early trades . The Indian currency opened flat at 59.69 per dollar versus 59.73 Thursday.
If we talk about nifty the long term outlook is still positive and we recommend to invest on every opportunity as this is the beginning of a bull rally. Nifty closed on a slight note at 7715 level. On upside first resistance is 7740 and 2nd is 7775 level on downside first support is at 7683 level.
The shares of dr reddy labs, asian paints, BPCL, Lupin, sun pharma, Ashok leyland, Mphasis, plaris tech, are started with smart gains.
Buy Bharti Airtel with a target 345/350/355 and a stop loss of Rs 339.30
Sell Jaiprakash Associates Ltd with a target 64 and a stop loss of Rs 75