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Monday, August 22, 2011

Minor Recovery Possible From Lows

  • It's time for consolidation between 4630 to 4960 levels
  • Any selling pressure drags nifty between 4733 to 4780 where some good support exists.
  • Now one should take a chance buying dip towards the above support levels and play the bounce for 4920 and 4960 levels.
  • Derivative data still suggesting good support at 4600 level.
  • This cement stocks might face pressure at higher levels.Banks will see some accumulation.Choose some good auto stocks like Tata motors for Long term investment.
Best to your Trading