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#thestocktalk February 19, 2014

#thestocktalk February 19, 2014
Towards the later end of today's trading session, bulls victory over bears was almost confirmed. Last minute buying into the Indian cash markets put the perfect cherry on the bullish dessert. Nifty has closed above a major major 6150 resistance level, however as per my understanding, i would consider this as an actual bullish breakout, only when nifty closed above this level for this week at least. BankNifty working out same as the Nifty. Daily momentum indicators too speaking off the bullish tone. Nifty to face strong resistance at 6180 levels tomorrow. Our today's portfolio consisted of banking, Info Tech and Oil n gas front runners with an upside target of 1.5% and a stop at .5% of our entry levels.

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