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Friday, July 12, 2013

#159 Nifty Update: Nifty breaks from a consolidation triangle

After almost 5 days of consolidation mode, Nifty drove itself on the upside yesterday and continued its move today to close above 6000. Last three post i did mention to go long on each dip and our tgt 5975 has been ahcvd. Our nxt tgts our 6062/6136/6300 are activate.. Short term traders should keep SL at 5908/5828 as per the convenience. Infosys have presented a good set of numbers and we expect other companies to do the same. So we are still intact with going long on each dip with sl of 5828 

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