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GEPL CAPITAL Morning Note
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Your morning coffee with the market
outlook for the day, technical views,
commodity, debt update and more ..
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The fundamental team lives up to the GEPL tradition of client
wealth maximization. The team is uniquely working towards identifying the under
researched stocks and grow as they grow along at a rapid pace.
GEPL CAPITALTechstock, a weekly investment idea is one such
story other than the several reports released by the team. The
research team is constantly towards identifying profitable technical stock picks
for intraday and short term participation. They achieve well over industry
average call rates.
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GEPL Technical: Today Market View
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S & P CNX NIFTY
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Short Term View: The level of 5400 is a strong intermediate resistance for Nifty, hence the current rally may take halt near 5400 levels after a steep rise above 800 points. We recommend to book profits in long trading positions in above zone of 5350 - 5400 and no fresh trading long positions are recommended at current levels. On the downside, earlier indication of weakness will be seen once Nifty trades below 5230 levels. The timing cycle is indicating 6th and 7th Feb as important dates where trend reversal may be seen on downward side.
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Positional View:
The intermediate trend of Nifty has changed in upward direction after crossing the level of 5300and now will remain in upward direction till it trades above 4800 levels.
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