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Adani Enterprises to RIL: Potential leaders and laggards among Nifty50

Charts suggest that among the key Nifty heavyweights, Infosys, HDFC Bank and ICICI Bank look poised for gains, while Reliance is likely to consolidate in the near-term, writes Rex Cano

BSE, NSE, Sensex, Nifty, stock markets
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Rex Cano Mumbai

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Adani Enterprises

Adani Enterprises has closed below its 20-DMA (Daily Moving Average) in the last two trading sessions, with momentum oscillators turning negative on a daily scale. On the downside, the stock has near support in the Rs 3,125-Rs 3,150 range, below which a dip to Rs 2,950 seems likely. The stock is expected to face considerable resistance around Rs 3,275 and Rs 3,335.


Bajaj Finance

Bajaj Finance has been trading with a negative bias since a breakdown in mid-January, after which the stock shed 17 per cent in the following period. The stock’s recent lows

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