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Market
Outlook:
Markets ended in green on account of strong
global cues. All the major sectoral indices ended in green, Realty
and Banking counters being the highest gainers.
Nifty:
Nifty smartly recovered from the days low and
ended in green. The 5 DMA at 5,689 will act as an immediate support
for Nifty. Resistance is seen at 5,750 and major positive
development can be seen only if Nifty closes above 5,750 levels. A
close above this level will further extend the rally up to
5,820/5,850 levels.
Support:
Major support level 5,700/5,680.
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Investment
Ideas
- Dhanuka
Agritech CMP @ Rs.
130
(Target Price: Rs.150)
Trading
Ideas
- Positive
bias - Strides Acrolab (Target 960), Shashun Pharma (Target 186)
& Aurobindo Pharma (Target 180). Traders maintain stop loss
accordingly.
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