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TECHNICAL ANALYST – INSTITUTIONS, SUSHIL FINANCE
Though charts are suggesting an uptrend for the Nifty, markets are cautiously optimistic and there is an increased risk awareness among options participants, said technical analysts. Britannia, HUL, Hero Motocorp, Apollo Tyres, Balkrishna Ind and GSK Consumers are some of the stocks that look promising on the charts, they said.
Where we are: The holidaycurtailed week gone by was dull yet eventful with the Nifty marking an all-time high of 11,856 amidst the on-going Lok Sabha elections and macro uncertainty. Nifty closed the week at 11,752.
What is in store: Expect rangebound trade on the Nifty as we head into the expiry week. Levels wise, 11,820-11,890 target zones and 11,600-11,720 support zones. Nifty’s 200 DMA is at 10,980.
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Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price