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nifty/5302.9 is fundamentaly strong enough to reach the 6350 level again on the upside but not beyond that in the short term.Technically also its showing strength of late having crossed the 200 dma and closing above it 4 two consecutive days. The immediate target 4 nifty is 5545 level which is also the resistance level, so watch out. Tisco and sail looks very strong technically . Whereas ril, sbi and infy showing weakness for monday’s trade.

Published in: on February 16, 2008 at 7:43 am  Leave a Comment  
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