NBCC is continuously moving in an uptrend. It has given a breakout from an important resistance with a big bullish green candle. If the stock manages to close above Rs 119 then our Target 1 will be Rs 134.60, and Target 2 will be Rs 154. The stock is experiencing a good buying volume from that trendline breakout even though it has even crossed 50-MA in the volumes chart.
For the current weekly series, 19500 call has significant open interest, followed by 19600 strikes. On the put side, 19400 has significant open interest, followed by 19300 strike implying the zone of 19410-19390 will act as immediate support for the index.
Amongst sectors, Nifty Realty, Media, and Consumer Durables were major gainers, while Auto, Pharma, and Healthcare were major losers. Analysts see the market consolidating within the range of 18,980 to 19,220 in the near term.
Suzlon stock went up to 5% in a single day and the overall sentiment of the stock is looking bullish. It took support above a trendline and for the past few days, it has been hitting the upper circuit. The stock is experiencing good buying pressure. The stock is heading toward its next target of Rs 37.20 level as Target 1 and Rs 45.20 level as Target 2