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Techcheck Daily |
Bank Nifty make or break session ahead |
n Chart of the day: Bank Nifty, correction overdone, prices trading on razors edge (lower end of a bullish channel), make or break sessions ahead, heavyweight ICICI Bank to at crossroad
n Crude Oil, ‘bearish outside day’, prices reverse from a very strong supply line, expect a correction back to 80 levels in coming weeks, we like HPCL and BPCL
n Nifty 55 DEMA getting whipsawed once again, trend weakens further, bounce if any would be more tempered than earlier thought, 6050-6100 now remains a very stiff resistance
n Nifty 52 week trendline is the last support standing at 5850
n Stocks with positive short term view:
n EIH, Castrol, HPCL, BPCL, 3i, Rolta, ACC, Cipla, Reliance, L&T, Infosys
n Stocks with negative short term view:
n Coromandel, Allahabad Bank, Andhra Bank, Tata Steel, Chambal Fertilizer, TVS Motors, Jet Airways
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