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F&O Outlook: Nifty may touch 200DMA this week

Posted on: April 14th 2009 in Market Outlook.

The Nifty witnessed profit-booking above 3,400 levels, but closed with 40 points gains at 3,382 on buying in key index heavyweights such as Reliance Industries (RIL), ICICI Bank, State Bank of India (SBI) and Tata Steel. The Nifty is now expected to target 200DMA (daily moving average) of…

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