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Last Updated : Oct 10, 2016 08:21 AM IST | Source: Moneycontrol.com

Avoid Nifty, focus on stocks

Today, from the SGX Nifty it looks like we could have a bit of a gap up. Does that gap up sustained till 10am and do we see buying support at higher levels. 8,800 would be an important to cross, if that doesn‘t happen, again you will see selling at higher levels.


For the market, it is very simple. It is either 20-day moving average on the way up or 50 day moving average (DMA) on the way down. What gives first, none of these marks are breaking and the market is narrowing down.

Today, from the SGX Nifty it looks like we could have a bit of a gap up. Does that gap up sustained till 10am and do we see buying support at higher levels. 8,800 would be an important to cross, if that doesn’t happen, again you will see selling at higher levels.

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First Published on Oct 10, 2016 08:21 am
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