 "Markets, Buy, Sell, Stocks")
Technical View:
In the holiday shortened week, the Nifty is consolidating in the narrow range with very low volumes. In the week ended December 20, benchmark indices broke out from the important trend line resistance and now the level of 12,100-12,150 has become strong support for the Nifty. Immediate resistance for the Nifty is seen at 12,350. Any level above 12,350 could take Nifty towards 12,865 in the medium term.
BUY SUDERSHAN CHEMICAL (405): | Target Rs. 460 | Stop-loss: Rs 385
For the last eight weeks, this stock has been consolidating in a narrow range. The 50 DMA has acted as a
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