8:35 AM - The market is likely to open gap-down and face resistance at 5160, says Krunal Dayma, technical analyst, on Zee Business. Buy Nifty above 5160 with targets of 5260 and 5300 and stop loss of 5115, he adds.
8:30 AM - The market is likely to open at 5100 but the important area for the Nifty today will be 5075-5057, says Mitesh Thacker, technical analyst, on ET Now. The market could take some time consolidating but a break above 5150 could indicate that the hurdle is over, he adds. He advises holding on to long positions.
Source: money.rediff.com
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Thursday, October 20, 2011
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