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Nifty (CMP: 10876)
Last week saw a phase of increased volatility in Nifty where it closed above 200 day moving average with good conviction. Market breadth has returned it puts the odd in favor of continuation of the bullish trend. The outlook for next week remains positive as long as it keeps above 10740 regions as the previous resistance is now expected to serve as support.


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Britannia Inds (CMP: 3169.75)
Riding on the strong fundamentals, Britannia is surging ahead with great momentum. The nature of the long term trend is steady & hence reliable. The recent weakness in September & October represented a good opportunity to create a core position during weakness in this FMCG major. Short term support exists at 3050 & 2970 regions and any pullback might be a good opportunity to go long in Britannia Inds.


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Infosys (CMP: 667.45)
In the weekly chart of Infosys, as shown here, we notice a significant (bullish reversal) engulfing candlestick formation & that too happens after a significant testing of 200 bar average on daily chart, which adds credibility to the formation. Buy either on pull back to 650 regions with stop loss at 599 and target 740 or buy above 675 with stop loss at 630 and target 730.


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(Sell) JSW Steel (CMP: 314.25)
We note this stock for its weakness as when Nifty & most other stocks are trading above their respective 50-, 100- & 200- day averages & displaying strength, JSW Steel is witnessing significant selling pressure & staying below most important moving averages. Past few sessions saw a routine pull back which is in fact a selling opportunity. Sell JSW Steel below 313 with stop loss at 322 & target 299.


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Kotak Mah Bank (CMP: 1234)
After a hiatus, this private sector bank is coming back to life! Last Friday, it put up significant strength & closed above 200 day Moving Average, implying strength ahead. Buy at CMP with stop loss at around 1200 levels and target at 1290.