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Jan 06, 2012, 12.20 PM IST
ICICIdirect.com has come out with its report on Nifty Future, Tata Power, Lupin, Hindustan Zinc and Bharti Airtel
ICICIdirect.com has come out with its report on Nifty Future, Tata Power , Lupin , Hindustan Zinc and Bharti Airtel
"protecting candle's low is required to keep the positive options open." Index did attempt protecting the low, yet upsides kept below 16049. While most sectors finished on a flat note along with Sensex, Auto Index gained 1.2%, and Oil&Gas/Realty Index shaved off 1.6% each. The A/D ratio ended flat again. The action formed even smaller Bear candle compared to previous day, which also avoided closing below its low. The 2-day lows of 15800 could, therefore, prove crucial. While selling intensifying below 15800 can take it towards Tuesday's gap-up area, protecting 15800 keeps open the option of faster retracement above 16049.
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Tags: Nifty Future, Tata Power, Lupin, Hindustan Zinc, Bharti Airtel, ICICIdirect.com, Nifty Future, Recommendation
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