“The correction could be nearing an intermediate bottom for the Nifty in the 18,150 to 18,090 level. On the downside, that is a good strong...

A sustained trade above 18,025 will extend the up move to take Nifty50 to levels of 18,120-18,200.

Overall, Nifty50 index continues to oscillate in a broad range between 15,900-15,600.

The index has taken support at the key short-term moving average placed at 15,630, and formed a small bullish candlestick.

Buy HDFC Life Insurance Company at a price target of Rs 450.0 and a stop loss at Rs 380.

Buy Mahanagar Gas at a price target of Rs 1,160 and a stop loss at Rs 965.

Buy V-Guard Industries at a price target of Rs 250 and a stop loss at Rs 210.

Buy Eicher Motors at a price target of Rs 25,450 and a stop loss at Rs 20,700.

Buy Piramal Enterprises at a price target of Rs 2,770 and a stop loss at Rs 2,200.

Buy Wipro at a price target of Rs 380 and a stop loss at Rs 330.

Buy Coffee Day Enterprises at a price target of Rs 340 and a stop loss at Rs 274.

Buy TVS Motor Company at a price target of Rs 640 and a stop loss at Rs 525.

Buy Delta Corp Ltd. at a price target of Rs 260.0 and a stop loss at Rs 230 from the entry point.

Nifty50 has turned southward after testing the upper end of a rising channel.

Buy Hathway Cable & Datacom Ltd. at a price target of Rs 58.0 and a stop loss at Rs 42 from entry point.

Buy Sharda Motor Industries Ltd. at a price target of Rs 3150.0 and a stop loss at Rs 2440 from entry point.

Buy Indian Bank at a price target of Rs 465.0 and a stop loss at Rs 358 from entry point.