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BUY 5600-6400 Jan strangles on Nifty |
n Chart of the Day: Praj Industries, high volumes just as prices breakout, expect the stock to outperform from hereon, 95-100 initial targets
n Nifty expect a directional move in January, preferred view remains down with odds as high as 75%, recommend buying 5600-6400 strangle for Jan
n Sensex quarterly cycles stretched, highly likely that turn windows emerge, keep a close watch on this quarters closing, it’s a touch and go setup
n DXY bullish reversal patterns, targets at 85-88 once breakout happens
n Stocks with positive short term view
n Exide, Maruti, Reliance Capital, L&T(stoploss1900), Sesa Goa, Infosys, TCS, ITC
n Stocks with negative short term view
n GAIL, Crompton Greaves, HLL, TISCO, Bank Nifty, Axis, Bharat Forge, Titan, ACC, BHEL, M&M
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