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NIFTY VIEW: Technically, Nifty has retraced almost 44% of the fall from the peak of 11171 to the low made at 9950 levels and there were some signs of exhaustion at around 10520 levels. The chances of Nifty cruising ahead to 10600-10630 levels cannot be ruled out where we anticipate a strong barrier which has witnessed a resistance on 2-3 previous occasions. However, the support for the week is seen at 10300 while the resistance would be at 10640 levels.
BUY ESCORTS
CMP: Rs 946.20
TARGET: Rs 1050
STOP LOSS: Rs 905
The stock has been consolidating for quite a while around
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