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Nifty Outlook:

At the start of this week we had revised the near term target upwards to 14650 from 14580 set last week. But the build up since late last week had not given the impression of market pricing in levels beyond 14700, which points at major surprise potential with present levels. Our opening view aims for consolidation or dips. However, if such dips do not exceed 14540-460 region, or if there is a direct rise above Target Stoploss S2 S1 PV R1 R2 197 - 204 187 186 189 191 194 196 405 - 415 391 390 394 396 401 403 332 - 340 322 321 324 326 330 332 1170 1112 1103 1119 1133.3 1148.6 1163 Notes ESCORTS GRANULES BIOCON KNRCON Stocks Buy at open or on dips to 1128 Buy at open or on dips to 325 Buy at open or on dips to 395 Buy at open or on dips to 191 Actionable ideas Doji candle formed. Hammer candle, Bounce from rising trendline Hammer candle formed. Marubozu candle formed. * Recommendations are for 5 day holding period Traders' corner exceed 14540-460 region, or if there is a direct rise above 14700, then a 14900-15150 move would be immediately in motion, while also setting up stage for a new record peak very soon.

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