Buy Nifty on dips: Nirmal Bang

According to Nirmal Bang's Morning Call, for intra-day buying is advisable on dip with a strict stop-loss of 2860 and on the higher side if nifty manages to maintain above 2945, then further momentum can pick up.
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Dec 12, 2008, 09.53 AM | Source: Moneycontrol.com

Buy Nifty on dips: Nirmal Bang

According to Nirmal Bang's Morning Call, for intra-day buying is advisable on dip with a strict stop-loss of 2860 and on the higher side if nifty manages to maintain above 2945, then further momentum can pick up.

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Buy Nifty on dips: Nirmal Bang

According to Nirmal Bang's Morning Call, for intra-day buying is advisable on dip with a strict stop-loss of 2860 and on the higher side if nifty manages to maintain above 2945, then further momentum can pick up.

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, Nirmal Bang |

According to Nirmal Bang's Morning Call, for intra-day buying is advisable on dip with a strict stop-loss of 2860 and on the higher side if nifty manages to maintain above 2945, then further momentum can pick up.

Nirmal Bang's Morning Call:

The markets are showing very strong momentum and today we saw huge interest in the Bse small cap and mid-cap stocks, building confidence among investors. The outlook is positive until nifty holds 2815 in the near term. The bulls are still holding the market breadth and if nifty manage to go beyond the 2945-2975 level then itís quite possible that we could test 3050-3150 in coming days.

For intra-day buying is advisable on dip with a strict stop-loss of 2860 and on the higher side if nifty manages to maintain above 2945, then further momentum can pick up. And on the lower side if 2860 breaks, then selling pressure could emerge and we may test 2815-2710 levels. Maintain a positive view on market and buy on dips with strict stop-loss.

Stocks like Chambal Fert, IFCI and Bank of India are showing very strong positive divergence and may continue to trade higher, buy on dips with a min. stop-loss from a trading perspective.

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