 "Trading Strategy")
NIFTY VIEW
Nifty has eventually broken the crucial support of 11,950 levels and got into selling with the weekly trend turning down in Nifty while Bank Nifty has just managed to stay above. Further selling can be expected from here on, we suggest a cautious view from here on. The support for the week is seen at 39,770/11,700 while the resistance would be seen near 41,100/12,140 levels. Bank Nifty would have the weekly range of 30,660 – 32,000 levels.
BUY COLGATE PAL | CMP: Rs 1,480.60 | TARGET: Rs 1,650 | STOP LOSS: Rs 1,420
After a decent correction from the peak of
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