Ahead of Market: 12 things that will decide stock action on Monday
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Aditya Agarwala of YES Securities said if the bulls manage to push Nifty beyond the 14,880-14,900 zone, the index can rise and test the 15,100-15,200 zone.
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The MACD showed bearish signs on the counters of Deepak Nitrite, Intellect Design, HG Infra Engineering, South West Pinnacle, Poly Medicure, Grindwell Norton, Page Industries, TeamLease Service, Autoline Industries, CL Educate and Krishana Phoschem.
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NEW DELHI: On the weekly chart, Nifty formed a Long Legged Doji on Friday as the headline index closed near its opening level. Manish Hathiramani, technical analyst at Deen Dayal Investments, said it is crucial for this level to be taken out this week as that would signal an up move to 15,300-15,400. If the support of 14,400 is broken, we will revisit the previous lows of 14,200 and can drift further to 13,900, he said.
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