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LIC Hsg looking good till 1400-1430 |
n Chart of the Day: LIC Hsg, the stock has taken support on a bullish channel and 55 DEMA combination
n Nifty once gain whipsaws the 21 DEMA hinting at indecision, 6000-6150 to remain the trading range, momentum signatures though suggest weakness, a short term dip to 5800-5830 cannot be ruled out yet
n Nifty the medium term uptrend remains intact, target 6500, hence this short term dip can be used for buying
n INR initial targets met, double bottom at 44.05, expect a bounce back till 45-45.5
n Stocks with positive short term view:
n LIC, IIFL, Petronet LNG, ABB, ICICI Bank, Reliance, Infosys, Andhra Bank
n Stocks with negative short term view:
n Exide, Alstom, TISCO, Sesa Goa, BHEL
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