 "buy")
NIFTY VIEW
The erosion continues amidst all the choppiness with large-cap now getting in corrective move. The moving average convergence divergence (MACD), along with relative strength index (RSI) and mean deviation indicator (MDI) all show a downward move. Nifty is now struggling to sustain 10,600 levels. Support for the day is seen at 35,070/10,530 for Sensex and Nifty, respectively, while resistance is seen at 35,630/10,660. Bank Nifty would have a range of 26,400-26,950. IT sector, too, after making a double-top on daily has got into profit-booking.
BUY STERLITE TECH
CMP: Rs 232.20
TARGET: Rs 260
STOP LOSS: Rs 200
The
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