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The Budget has reinforced the positive view and this is a great time for stock picking.

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Dalal Street the mecca of investors and trader was filled with full enthusiasm as the Calendar year 2016 tick off with high optimism that this CY (Calendar Year) would be better than the preceding year. However, in the stock market things don’t turnout as we consider or assume.

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Chinese stock market which went down 7% saw the Bears crating havoc in the market today

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We are now nearing overbought territory in the short term hence one should be cautious at higher levels from here on. For the day the support is pegged at 7904 points and further down in the 7851-7861 points range

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As long as the Nifty does not break the weekly support, the upside targets for this week are 7922 and the 7983-8000 points range. However, a breach of the weekly support in close could put a spanner in this recovery taking the Nifty down to 7767 or in a pessimistic scenario 7672 points.

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National Stock Exchange's subsidiary India Index Services & Products Ltd has launched group specific indices for three corporate groups -Tata Group, Aditya Birla Group, and the Mahindra group.

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It opened higher on the slightly better than expected GDP fig of 7.4 per cent. Intra day support is pegged at 7949 and 7921 points.

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Recently Sandip Sabharwal shared his Straight Views on leading business channel.we thought it right to share for those who missed watching it.Many have newsletter We have a Viewsletter just for you.

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