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Wednesday, July 04, 2007

Today's market on role

Nifty remained almost unchanged while Sensex gained about half a percent. This anomaly could be due to the rise in index heavyweights like ICICI and SAIL that enjoy greater weightage in Sensex. ICICI bank is inching towards its all time high and technically is looking good for much higher levels. Steel stocks witnessed smart move and stocks like JSW Steel and Tata Steel look good for more upside. Amongst the Cement counters apart from the leader ACC, Birla Corp and Kesoram have excellent patterns and both are likely to register good gains in coming days. Bharti dipped a bit but still looks bullish on charts and is likely to achieve fresh highs. Amongst others more upside is seen in Triveni, Renuka, Bom Dyeing, SRF (above 183), PFC and Unitech.

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