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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø Nifty made a move up only to give up all its gains intraday - significantly, it also closed below 5400. Nifty is resting at crucial levels on many parameters. If it is able to sustain 5300 (+/- 1%), then our long term view on the market remains unchanged. The next few sessions will give an answer whether Nifty is able to hold on to 5300 .
Ø Nifty's support for 07/02 is likely around the crucial 5300 ( +/- 10 pts.).
Ø At these levels, the following can be bought in small parcels for the long term :
o Bank Baroda ~ 800 ; Canara Bk. ~ 525 ; Ambuja Cement ~ 100 ; HDFC around 600 & then 570 .
o Divi's Lab > 668 and Brigade Enterp. > 118/50 appear good for the short term.
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