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NIFTY VIEW
Nifty makes a bearish engulfing candle closing below 200DMA with again in a process of lower top formation implying strong resistance at 10300 and a new round of selling cannot be ruled out. The support for the day is seen at 10070 while the resistance would be at 10180 levels. We maintain a cautious view for the coming days.
BUY STERLITE TECH
CMP: Rs 324.95
TARGET: Rs 378
STOP LOSS: Rs 310
The stock has witnessed a slow and gradual correction from the peak of 378 to bottom out at around 307 levels and is in a consolidation phase gaining potential and strength
