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Nifty Cmp 10176 Observation - in the short term on a 15 min chart Nifty is in up trend channel - Nifty has channel support around 10135. For Long trade Target 10320 Stop loss below 10130 - Break below 10135 can take Nifty down towards 10030 - 9966 zone For Short trade Aggressive traders may look to sell at current levels with Stop loss at...

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Infy Cmp 934 - Infosys record date for buying back shares has been set on 01 Nov 2017 - Buy back price Rs set at 1150 for each share - Total amount set aside by Infy for buyback Rs 13000 Crore - Amount set aside for retail category who are holding shares worth Rs 2 lakhs or less on record date - Rs 1950 Crore (15% of total amount) - As on March 31st 2017, as...

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Hi All Wishing you all a very happy and safe Diwali One of my favorite in current market conditions is MGL as a Mahurat pick which we are holding since 1119 levels... However do note Markets are very richly valued so be cautious & consider buying on dips... As a mantra for Samvat 2074: Do not rush and do more research before you take any investment...

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Cmp 872 The stock May fall to 842 / 828 levels Pattern gets invalidated above 890 Take care and safe trading...!!!s

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Near resistance level... If it gets resisted then Nifty has a case of triple top formation... Take care & safe trading...

indiamarketoutlook Updated 

MGL Cmp 1124 The stock has given a breakout above 1119 The stock can head towards 1180 / 1220 levels in short term Take care & safe trading...!!!

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Exide Industries Last closing price 208.45 Target 214 / 218 / 221 Stop loss below 205 Take care & safe trading...!!! Regards Indiamarketoutlook

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Amara Raja Batteries Last closing Price 690.55 Observations - In downtrend since May 2017 - RSI in Oversold region - Channel support around 674 - Inverted umbrella (also known as gravestone doji) observed in prevailing down trend with high volumes ____________________________________________ Risk to reward ratio looks good to go long with Target...

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Dolphin offshore Cmp 94.50 On dips towards 88 and even at current levels he stock looks good on chart. Momentum might come in on sustaining above 100 odd levels The stock has the potential to head towards 128/ 140 levels Take care & safe trading...!!!

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Aban Offshore Cmp 182.40 The stock is near support levels 178-185 range looks good to buy Momentum might be seen on sustaining above 186.50 Target - 210 / 228 initially Take care & safe trading....!!!

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CMP 273.80 The stock has an important support around 268 Momentum might be seen on sustaining above 276. The stock can be looked for target of 282 / 286 on the long side Take care & safe trading...!!!

indiamarketoutlook Updated 

Nifty CMP 9902 Observations - While falling from all time highs, we observe Nifty had taken a pause at 9872 levels for 2 days - After flirting with 9860-9880 zone in the last 2 trading sessions, now Nifty is back above that level The continuation of this rally on the upside in Nifty will depend on its ability to hold & defend the said zone. For any...

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Bank Nifty CMP 24135 Observations - Trading in consolidation channel - Trading above 20 min and 50 min EMA Breakout above consolidation channel will lead Bank Nifty towards 24400 Buying may be considered in 24140-24080 zone Stop loss at 24000 on closing basis Take care & safe trading...!!!

indiamarketoutlook Updated 

Ashok Leyland CMP 112.20 Levels are mentioned in the chart In case it is not readable on chart.... 108-113 - Accumulation zone Target 128 /133 in 2-3 months In the current set up, momentum might be seen on sustaining above 114.5 On the lower side the stock also has very strong support at 97 odd levels Overall stock looks good on chart. Take care &...

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ONGC CMP 172.80 We have been tracking ONGC for long time now.... Do lok at our previous post on ONGC It finally looks like the stock seems to have made a bottom around 158 levels and is likely to move up now... In the current setup if 168 levels is not broken then we can initially look for targets of 180 / 192 levels.... Hope it helps... Take care & safe trading...!!!

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DR reddy Cmp 2343 The stock had seen 2260-2265 acting as resistance a few days back. It gave a breakout and zoomed towards 2526 in a matter of 2 days. Thereafter the stock has seen retracement and had been falling. Today the stock has reversed back from exactly from its previous resistance zone confirming previous resistance now acting as support Target 2450...

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Nifty Cmp 9805 Buying May be considered for Nifty target of 9965-10030 in early October month with a stop loss below 9760 on closing basis This is more of a swing trade potential we are looking at... Take care & safe trading....!!!

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DLF On 4th Sept DLF charts were suggesting of history being repeated and that we might see lower levels of 173 / 166 Well it has done exactly that.... - we saw the stock bouncing back to 76.4% retracement like on previous occassion... - getting rejected at those levels... - and falling back like nine pins... Target of 166 has been achieved. Hope you...