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Nifty Outlook
By closing above 10208, Nifty has confirmed higher top and higher bottom formation for the first time in the recent correction from 11171 to 9951. Nifty has also formed small inverse head and shoulder pattern on the short term chart, indicting the target of 10500. Nifty has managed to surpass the crucial resistance of 20 DMA, placed at 10220. Support is now shifted upward to 10090 from earlier level of 9950.
BUY Pidilite Ind
CMP: Rs 963
Stop Loss: Rs 925
Target: Rs 1030
Stock price has registered new all-time high above 963 with rising volumes. Stock price currently placed above 20,
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