On the technical front, Nifty 50 is likely to trade in a sideways, range bound manner this week. Support is seen at 17100 level. Resistance is seen at 17750 level. Banking stocks may rise further. Support for Bank Nifty is expected at 37250; resistance at 38500. IT stocks are expected to rise further this week.
A Buy call is being given on the stock of Lemon Tree Hotels. Target price is Rs 81; Stop Loss is Rs 68.
A Buy call is also being given on the stock of ICICI Prudential. Target price is Rs 628. Stop loss is Rs 555.
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