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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Watch Nifty
Ø Nifty could not sustain the momentum from the early gains in the morning session to move above 4800 levels closing at 4750.80, 28.20 points lower from Monday.
Ø On the daily chart 4800/4820 will remain act as stiff resistance in the very near term. Only if nifty sustains above 4820 levels, 4850/4870 could be possible. On the downside support can be found at 4730/4720 levels, if nifty breaches the support of 4730/4720, 4690 & 4650 can be tested. If NIFTY closes above 4820/4840 levels on weekly closing basis and then short term buying can be expected and then 4920/4950 is possible.
Have strict stop losses
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