Technical Desk Call: 27Apr2016
Buy NITESHEST 14--14.50 Stoploss 11 CB Target 22----25 Timeframe- 2Months
Justification : The NITESHEST on daily chart today looked promising as the counter had witnessed huge buying interest with above average volume on daily chart. Also before bouncing back today the counter had exactly taken a support level at 89DMA yellow line and had faced minor resistance level at 200DMA green line, but we are of the view that in coming days the counter will easily surpassed this minor resistance of 14.50 level. RSI on daily chart is also looking positive till it maintain above 70 mark, so looking above technical setup we advised Investors/Traders to buy the stock with due diligence.
