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The broader index maintained its winning streak for the 7th consecutive week & closed at yet another life high in the doorstep of 10900 odd levels. This is a liquidity driven rally where both the Foreign & Domestic Institutional Investors are pouring in money. Although stocks are in protracted overbought zones, we cannot recommend selling just as yet. 10680 is the first minor support zones for Nifty & the intermediate uptrend will reverse only upon closing below 10400. One can go long on in Nifty on weakness with these levels as stop loss.

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This FMCG stock is showing pretty robust growth and a reliable primary uptrend. One can buy Dabur with stop loss at 355 by closing and target 380.

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We had recommended this stock several times in past issues of this column & Tata Global is still going strong. Recently we spot another buying-in-weakness opportunity in this stock as a small pull back phase is nearing its exhaustion. Buy above 310 with stop loss 299 & target 328.

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After a two-month consolidation, Yes Bank has broken out of its intermediate pull back phase & likely to resume the primary uptrend. One can buy this private Banking stock at CMP with stop loss at 330 & target 380.

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After 3-Month consolidation forming a sort of rounding bottom on daily chart, IBul Housing Finance is resuming its intermediate uptrend and warrants buying on pullback with stop loss at 1210 & target 1410.



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