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Technical Outlook

18th June 2013

CNX Nifty has held Positive Island by making a higher high and a higher low yesterday and now if 5800 sustains then 5980 & 6135 could be possible levels on the higher side. M&M and MARUTI are a couple of Nifty stocks which have also made similar positive Island reversals where 8-10% rally in next 4-5weeks is quite possible. Today Nifty holding 5810 and crossing 5860 could move towards its 50 DMA at 5902 and 5950 could then become possible, while below 5810 then 5760 & 5729 Gap levels... 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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