bull call spread

The stock of GAIL (India) (₹221.83) finds an immediate support at ₹209. A major support is at ₹166. The short and long-term outlook appears bright. If the current trend sustains, the stock has the potential to reach ₹261 and for that it should not break ₹194. We expect the momentum to continue for GAIL (India).

The long-term outlook remains positive for the stock of Manappuram Finance (₹188.15). A conclusive close above ₹207 will reconfirm the bullish trend. In that case, the stock can record new highs.