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Hot Stocks | Bata India, L&T and HCL Technologies can give 9-15% return in short term

Nifty witnessed a fresh breakout on charts after almost two months of consolidation in the range of 15,500-15,900. It crossed the 16,000-mark for the first time on August 3

August 04, 2021 / 07:33 IST
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Nifty finally managed to breach the key psychological level of 16,000 on August 3 after making many attempts in the recent past.

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The breakout was seen with heavy volumes as Call writers were seen at 16,000 strike unwinding their positions while Put writers added hefty open interest at 15,900 and 16,000 strikes.

Healthy buying in most sectors pushed domestic equities to record high levels.