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Stock calls and outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:

SMEs, banks, foreign exchange, markets, forex, small and medium price industries,
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SMEs at large do not understand forex and the concept of hedging, which banks often exploit. (Photo: iStock)

Sameet Chavan Mumbai
Stock calls and outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:

This has been a spectacular week for our markets as it brought back a wide smile on traders’ / investors’ faces. And there couldn’t have been a better end to the November series (derivatives) expiry as we saw Nifty surpassing its resistance zone with some authority and thereby removing ambiguity about the near term direction. Despite subdued movement on Friday, index concluded the week well above the 10800 mark by adding more than 3% from previous week’s close. 

During the early part of the

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