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17th January 2017
Nifty index opened negative but managed to hold near to 8380 zones and headed towards 8426 levels. Index witnessed a range bound move in a smaller trading band for most part of the session but stock specific action was clearly visible in the market. Index formed a Spinning Top candle on daily chart as now follow up buying is missing at higher levels but bulls are also not ready to surrender the gains. Now if it fails to hold 8380 zones then index may witness a profit booking decline t... 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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