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23rd April 2014
CNX NIFTY made a new record high of 6838 but was not able to hold higher levels and fell down towards 6806 levels by trading in a range for most part of the day. It closed above 6800 levels for second consecutive sessions but finding supply pressure at higher levels ahead of derivatives expiry day. For the day it has to hold above its immediate support of 6780 to resume the uptrend towards 6850-6860 levels whereas if fails to hold 6780 then may go down towards 6740-6730 levels....more
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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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