As long we don’t see a decisive breakout above 18225-18300, traders are advised to avoid aggressive long bets and be very fussy in stock selection.
Anand Rathi is bullish on Balrampur Chini Mills with a price target of Rs 365 per share.
Angel One is bullish on UPL with a price target of Rs 805 per share.
Centrum is bullish on M&M Finance with a price target of Rs 210 per share.
Nirmal Bang is bullish on Axis Bank with a price target of Rs 800 per share.
Centrum India is bullish on Glenmark with a price target of Rs 535 per share.
Motilal Oswal Financial Services is bullish on L&T Technology Services with a price target of Rs 5,110 per share.
Religare is bullish on Aditya Birla Fashion and Retail with price target of Rs 288 per share.
17900 - 18000 levels are likely to act as immediate resistance whereas on the flip side, immediate support is seen around 17550.
Gemstone Equity Research is bullish on Biocon with a price target of Rs 352 per share.