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Nifty outlook and recommendations for 19'Dec 17

Way2wealth | 19 Dec, 2017  | Follow Author | Add to my Favourites 
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Technical Outlook

Yesterday, the Nifty index too opened lower with a gap and registered an intraday low of 24617 during first few minutes of trade. However, we witnessed tremendous buying interest which eventually pulled the index from its intraday low. In the process, Nifty Bank ended the session with a gain of O.61%. On a daily chart, index fill the down side gap created on November 30, 2017. Going forward,yesterday’s high of 25760 will act as an immediate resistance and above which index likely to rally towards 25950. Lower side, 25400 will be a near term support.

Stocks For Today

Name      Entry                  Target       Stop loss

TFCI     Buy Around 159       167          156

SRF      Buy Around 1882    1915        1860

WIPRO Buy At cmp 295.80  306           290

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285.20 -4.05
284.65 -3.80
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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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