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India Equity Research Reports, IPO and Stock News
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø We recall our observation on 13/04 that Nifty could reverse from any of the support levels of 5750-5700 or 5600. Nifty took off from the first level of support with a vengeance. Along with it, it has dragged up all the sectoral indices and almost all scrips. Trades on 15/04 will be important. If Nifty is able to cross 5950, its next level is 6300 (+/- 1%) subject to corrections. It is well poised to do so - if not in 15/04 trades, in the next few sessions. Banks, auto, tech, power and metals are poised for a powerful move up alongwith Nifty. FMCG, capital goods, healthcare, realty could also gain further strength.
Ø Nifty's resistance for 15/04 is likely around 5930-5950 and then 6000.
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