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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 Nifty reacted quite sharply giving up almost all its gains in the previous session. We however maintain that Nifty is on course to move up and these sort of reactions are good opportunities to invest. Nifty's support levels are expected around 5800, 5720, 5690 and 5600. On the upside, 5950 would be an area of resistance to be keenly watched. If it is pierced, we can see resumption of up move. Bank Nifty has good supports at 11300 and 11150 levels.
Ø Nifty's resistance for 18/04 is likely around 5950.
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