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Nifty is now at 5359. Nifty opened strong but gave back most of its gains to conclude the day with a gain of 26 points at 5,359. Amongst the sectoral indices the BSE CG and CD indices were the outperformers whereas BSE IT index lost the most. Now technically the market looks OK and could see some more up move in the days to come until 5450. Strong support exists at 5300 the market unfolded as expected. Technically the up move to around 5450 still exists and we could see some sideways action but however 5300 is a strong support to deal with.
The crucial support for the Nifty is at 5300 and the target beyond 5450.
Free Trading Tips For Tomorrow
- Buy Cera Sanitaryware (CSL) with a price target of Rs 239 as against the current market price (CMP) of Rs 228 in its near term trading.
- Buy Mahindra & Mahindra with a price target of Rs 677 as against the current market price (CMP) of Rs 664 in its short term trading.
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