Last week though truncated saw Nifty having a positive closing supported by IT, Metal and Oil & Gas sector.
We believe these sector may provide support to Nifty. Nifty has a stiff pivot resistance at 6070. Once it is able to trade above this level then only we can expect some more upside to 6150-6200 lvl\s.
Aurbindo Pharma is poised to make a new high.TCS and Infosys may surprise us on upside.
Monday, December 20, 2010
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