Technical Analyst, Ashwani Gujral has suggested a positive support for

According to Technical Analyst Ashwani Gujral, Reliance Energy can surely touch Rs 900. He suggests investors to hold the stock for hefty gains within few months.

Gujral told, “Hindalco remained a weak sort of metals stock and it’s probably in a range of Rs 145 to about Rs 185. Metals overall have weakened, commodity prices have taken ahead because of all of this.”

Anil Manghnani of Modern Shares & Stock Brokers is of the view that above Rs 184, ITC can test Rs 201.

Rahul Mohindar of Viratechindia suggested investors to buy India Cements on falls.  

Sachin Chandsarkar, senior dealer, Karvy Stock Broking, said that today stock market rested explosive because of short covering. NSE Nifty arose 50 points to 4,425, where nonstop selling pressure took place. Major performers comprise Titan Industries, Suzlon and Voltas.

Nifty based stocks saw less interest from dealers. There was no effort envisioned in stocks of Reliance Group. Because of good dispatch numbers by cement companies, buying was seen in ACC and Gujarat Ambuja.

The 30-share index having traded unexciting in the preceding trading hour, is presently trading in the positive zone. The stocks from auto and telecom led the declinations whereas banking stocks gained ground.

Anuj Anandwala, analyst, KJMC Capital Markets, said that improvement might continue on Monday but it will ultimately shrink in the later half. He anticipates banks to trade fine in Monday`s trading session.

Out of the total 2,123 shares traded at the BSE, 1,103 advanced, 971 declined while 49 remained unchanged.