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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 Yesterday, NIFTY failed to hold on to intraday gains and slipped in last hour of trade to close near key support level of 4540. If NIFTY trades below 4510 and then 4440 is possible. on the higher side, the resistance for NIFTY is seen at 4620/4645 levels. However, NIFTY closed below the key support level of 4690/4720 on weekly chart and signals if NIFTY trades above 4690/4720 on weekly closing basis then we could see short term buying and then 4855 or even 4930 is possible. Short term traders are advised to trade cautiously as almost all the technical indicators are looking oversold and bounce back can be expected at any time.
Have strict stop losses
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