The Nifty took U-turn after touching its strong resistance placed around 9,200 levels earlier this week. We have seen long positions being liquidated at a higher level, which signifies traders need to be cautious at this time.


Triveni Turbine: BUY | Target Rs 165 | Stop Loss Rs 127 | Upside 18%

Mahindra CIE: BUY above 231| Target Rs 270 | Stop Loss Rs 197 | Upside 20%

Cadila: SELL | Target Rs 400 | Stop Loss Rs 463 | Downside 8%

Manugraph Industries: BUY | Target Rs 73-80 | Stop Loss Rs 56 | Upside 16%

Ujjivan: SELL below 382 | Target Rs 340 | Stop Loss Rs 411 | Downside 11%


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