Buy PNB above 36 breakout as the stock has formed a strong support near 32. The stock has recovered well from its support and is on a roll to give a breakout. If the stock breaks out above 36 level buy it for 39-42 levels in the coming days. If the stock reaches 32, will update for a fresh position if possible.
Tata Motors is trading in a very narrow range and we expect the stock to breakout from the range. A strong upside momentum is expected above 300. The position for tata motors will be bullish above 300 for an immediate target of 308 followed by 314. A level of 292 looks like a strong support and stoploss should be kept below this level.
Bank nifty looks positive and can be added from these levels. If we see the bottom there is a clear support with TDI diversion. The index broke its resistance today strongly and should continue its strong momentum. The first target is 33500 followed by 34100. Should follow a stoploss below 32000 on closing basis.
SBI looks positive above the trend line. SBI can be added from these levels as there is a strong support being formed. The stock touched the low and a positive diversion was seen after which the stock is in strong positive momentum.