Techcheck Daily :: Cipla V-turn:: Emkay

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Techcheck Daily

Cipla V-turn

n     Chart of the Day: Cipla, the stock has taken a V-turn from close to the 200 DEMA and trendline supports, expect fireworks once 364 is breached, 400+ would be the final targets

n     Nifty a short term selling climax seems over, expect a day or two of consolidation before the uptrend resumes

n     Nifty medium term uptrend intact and targets in the region of 6450-6600 pending 

n     Stocks with positive short term view:

n     Cipla, L&T, OMCs, ICICI Bank, Reliance, Infosys, RCF

n     Stocks with negative short term view:

n     SBI, ACC, DLF, Unitech, Sesa Goa