22 November 2010

Techcheck Daily- Nifty, chinks develop in the armour:: Emkay

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Techcheck Daily
Nifty, chinks develop in the armour

n     Chart of the Day: NIFTY, corrections deeper than earlier expected, chinks develop in the armour, 55 DEMA broken along with swing low at 5906, bulls though have not thrown in the towel yet, hence a clear trading view still to emerge
n     Nifty medium targets get revised downwards from 6450-6600 to 6340-6500
n     BSE Realty and BSE Metal among the weakest of the lot
n     Stocks with positive short term view:
n     Cipla, L&T, OMCs, ICICI Bank, Infosys
n     Stocks with negative short term view:
n     SBI, ACC, DLF, Unitech, Tisco, Hindalco, Sesa Goa

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