Nifty is trading at crucial support levels. Liquidity may tighten up a bit on the back of Coal India IPO but 5960-6030 are support areas.We may see a pull back to 6150-6180 levels
Textile stocks as a sector has shown momentum build up.Garden Silk, Raymond, SKumars are good bet.
Arvind has support at 47 and resistances are at 60-62.
Uflex has support at 290 and resistance at 350.
Monday, October 18, 2010
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