Mazhar Mohammad of Chartviewindia.in said the weakness is not panning out, as clear-cut sell signals are missing on short-term charts despite being in extremely overbought zones”It needs to sustain above 17,833 to retain a positive stance as the breach of said level can trigger.
Hot Stocks: Brokerage view on Lupin and Gujarat Gas; Marico gets an upgrade
Investec raised Marico’s rating from hold to buy, while Jefferies upheld a buy rating for Godrej Consumer. JPMorgan continued to rate Gujarat Gas as underweight