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2752: Hot Stocks | Cadila, ICICI Bank may give up to 16% return in short term - Publication Date |
- Jul 31, 2020
- Episode Duration |
- 00:03:39
Nifty has filled the gap levels in the range of 11,275-11,400, witnessing minor pullback from the high point of the week with derivatives expiry being in focus.
The June quarter results are in line with expectations and we have not witnessed any major negative price reaction post the numbers.
Mid-cap companies could continue to remain in focus as most of the large-cap companies have declared their numbers.
Nifty has closed at 8-day low at 11,102 and on the downside, the band of short and long-term averages placed at 10,920-10,860 will act as support while on the higher side, multiple resistances at 11,400-11,500 could cap the upside.
We expect some consolidation at the current level with time-wise correction. The breakdown below the 200-day average could trigger sharp profit-booking.
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