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Techcheck Daily |
Nifty a short term bottom in place |
n Charts of the Day: Nifty, daily formations hint at short term exhaustion, pullback could last till 5950-6000, 5690 remains crucial support
n Bank Nifty, risk rewards now favour bulls, prices reverse from 10620; lower daily and weekly Bollinger (close to our target range of 10300-10400), downsides if any left are marginal, daily mean reversion target at 11400
n Crude price extensions within a bearish setup, stance remains negative as long as prices don’t breakout of the pattern
n DXY bullish H&S breaks on the upside, maintain targets at 85-88
n Stocks with positive short term view
n Bank Nifty, Axis, ICICI Bank, Indiabulls Real, India Infoline, Apollo Hospital
n Stocks with negative short term view
n Sesa Goa, GAIL, ACC, BHEL
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