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Technical Outlook

19th June 2013

CNX Nifty continued to make higher high and higher low and holding onto 5800 on sustainable basis could take it to 5980 which is the only major resistance ,above which a rally would take us 6135-6229 & 6357 with Island reversal sustaining for 3 days in succession which gives us a strong confirmation. Today Nifty holding 5800 and crossing 5865 then 50 DMA at 5908 and 5960 could become possible, while below 5800 then 5760 & 5729 Gap levels can be retested. Market is nervous ahead of 2da... more

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03-Aug-2009
Reco. Pr.: 36; TGT : 60; Hold Period 2-3 mths- Company is a leading Ductile Iron pipes and cast iron pipe manufacturing company. It also offers turnkey solutions in water transport and sewage management.

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