Nifty News Letter - Weekly Report

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Nifty Outlook

The Nifty recovered sharply in the last hour of trades on Friday; however, daily chart analysis indicates the index formed a Doji candle stock pattern on Thursday followed by a Hanging Man kind of candlestick pattern on Friday. These are signs of uncertainty and also a possible reversal may be on the cards going forward. With the Union Budget to be announced next week it is advisable to remain cautious and sticking to stock specific activity should be adhered to in the short term.


Nifty Trends
   R1
11191
R2
11346
S1
10924
S2
10761


Technical Outlook





Top Gainers
IBULHSGFIN
1,399.35
ICICIBANK
360.00
ULTRACEMCO
4,360.00
VEDL
345.40




Top Losers
UPL
768.50
SBIN
311.90
ADANIPORTS
436.00
AUROPHARMA
639.90




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