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Nifty Outlook:

After just about meeting our last week’s target of 14390 (yesterday’s low being 14416), a swing higher unfolded towards 14620-700. We had ear marked this as a consolidation region yesterday itself, making this a crucial point for further directional moves. Inability to push above this region would bring 13800 back into contention, but we feel that, ongoing momentum is poised to take Target Stoploss S2 S1 PV R1 R2 106 - 109 101 98 101 103 106 108 874 - 890 843 839 849 866 876 893 220 - 230 203 170 190 202 222 234 83 - 87 75 68 74 78 84 88 Traders' corner Range breakout Range breakout Inverted pinbar doji. Bounce from 50% fibo retracement. * Recommendations are for 5 day holding period Notes DAAWAT KRBL STAR BLISSGVS Stocks Buy at open or on dips to 78 Buy at open Buy at open or on dips to 850 Buy at open or on dips to 103 Actionable ideas but we feel that, ongoing momentum is poised to take Nifty into the 14800-15000 region. Break of 14730 can be taken as a signal of such continuation, while dips will retain upside hopes as long as above 14600.

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