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Ø Nifty and Bank Nifty could not cross even the intermediate resistance levels of 6130 and 12540 in Friday's trades. As we have been maintaining all along, the final proof of correction getting over is only when Nifty closes above 6280. We believe that there could be some more corrections before Nifty starts moving up again.
Ø Nifty's resistance for 25/10 will continue to be 6130 and 6160-70 levels.
Ø Many scrips recommended for 22/10 trades did not trigger the buy levels except some like Indiabulls, Allahabad Bk., Canara Bk. Reliance Ind., Tulip, which have gave good returns inspite of weakness in Nifty and all the above scrips look still good.
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