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7/29/2010 8:34:48 PM
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| Nifty View |
Market is likely to take a pause today .5421 is acting as a stiff resistance and nifty is struggling to get past 5421.However, above 5421 we may see surprise up move in the markettowards 5480 levels.Opening is likely to be negative and level of 5377 will be tested.Banking stocks likely to.outperform.Keep an eye on PSU banks. |
| Intraday Stock |
Tech Mahindra Buy above 710 with price target of 733,stop loss at 699 |
| Momentum Stock |
Our IFCI call of Buy above 60 isrocking and as mentioned last week,the bulls are taking IFCI towards70.If IFCI manages to close above 65 today,then expect one way movement towards unexpected levels not seen in past 8 months.Refresh your memory, we recommended strong buy on IFCI & even after dismal results ifci has outperformed the market in past 2 days. |
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7/28/2010 8:37:50 PM
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| Nifty View |
Yesterday Nifty broke 5421 support level,which will act as a resistance level today.Nifty support level for today is placed at 5360 which is also weekly support level.Weekly Close below 5360 will give short term bearish signal. |
| Intraday Stock |
EDUCOMP Buy above 624 Stop loss of 612 target 645 |
| Momemtum Stock |
ABAN Maintain stop of 880 & go long for target of 960-985 |
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