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Wednesday, January 7, 2015

Nifty in a new range of 8050-8450

For nifty to make any move nifty have to break these ranges. It is a small range of 400 points.

Any side break can take 5% move at least. This mean if it break 8050 , it make go up to 7700 and if it breaks 8450 , it may go beyond 8700 levels and make new high.  Any ways India is in a big bull market range , so any lower side is good to buy. Buy good shares like SBI, Godrej properties, power shares , or PSU banks these are going to give good return in near future.

For future and options traders : Buy SBI 300 call at current price.