12 November 2010

Techcheck Daily-Nifty headed for 6130-6150 support range:: Emkay

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Techcheck Daily
Nifty headed for 6130-6150 support range

n     Chart of the Day: Yes Bank, the stock continues to look weak and has finally broken below a bearish wedge, expect 320-330 as the likely targets
n     Nifty the medium term uptrend remains intact, target 6500-6600, multiple supports within the 6100-6150 band
n     DXY reversals look impressive, prices take support on a falling channel and reverse
n     Stocks with positive short term view:
n     LIC Housing, RCF,  IIFL
n     Stocks with negative short term view:
n     Hero Honda, SBI, Tata Chemical, Yes Bank, BOB
  

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