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Techcheck Daily |
Sensex can 2008-2010 be similar |
n Chart of the Day: Sensex, two similar charts on the index suggest that we trade near important supports, the range breakouts still hold
n Nifty trading near 52 week trendline supports @5790, extremely crucial sessions ahead, we expect the trendline to hold though some whipsawing can be witnessed, an ensuing bounce would now be tempered.
n Bank Nifty forms an exhaustion day, expect pullbacks till 12000-12300
n Nifty monthly mean reversion setups emerge target 5030, medium term targets hence stand revised from 6340-6500 to 6100-6450
n Bearish alternates; Sensex two year cycles and quarterly cycles come back to haunt
n Stocks with positive short term view:
n ICICI Bank, SBI, L&T, Infosys, Alok Text, Arvind Ltd
n Stocks with negative short term view:
n Tisco, Hindalco
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