ICICI Bank and Larsen Tubro Views

By | April 27, 2011

ICICI BANK

ICICI Bank is stuck in the range of 1076-1128 which is a reason why Bank Nifty is stuck in the range 11450-11950.

 

ICICI bank should be traded once it moves above this range of 1128

Buy above 1128 Tgt 1140,1158

 

Larsen Tubro

LT is facing resistance around its 100 DMA@1722 and and on lower end facing support at its 5 EMA Low@1683.

As Nifty is stuck in range of 200 Points from 5793-5913 same is happening with Index Stocks like LT

Stochastic is moving up from oversold zone

Buy above 1717 Tgt 1729,1740 and 1757

 

 

 

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