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Watch Nifty
Ø Nifty continued its downward move. It had also exactly touched 5600 (without piercing it). Nifty has supports at 5600, 5530, 5450-60 and then 5400. The reaction when it touched an important milestone was expected and there is no need to panic even if it were to violate 5600. Investors are advised to hold and accumulate stocks on declines or on strength, We would indicate support levels once again if alongwith Nifty scrips react. We reiterate that such reactions are an opportunity to invest.
Ø Nifty's support for 12/07 is likely between 5580-5600
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