Nifty Daily Chart
Nifty has managed to take support at 4800. Do not short untill market closes below 4800. Buy Nifty only above 4940 for a target of 5000-5100 keeping a stop loss of 4900.
M&M
After reaching a descending trend line M&M is consolidating in a narrow range of 30-40 points. Short M&M if it closes below Rs.700 target Rs.680-660 stop loss above 715.(short term call)
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