Last week Nifty opened at 5675, saw a high of 5916 and closed at 5904.
This week gain was supported by good volumes and we have seen breakout from the channel, which has its upper boundary at 5650 levels. On last Monday market shoot up because of short covering. Now the immediate medium term support for nifty exists at 5650-5600 levels, if we break this levels we might see sharp fall as well.
Stocks which can be very good short term bet are:
R Capital , CESC , Financial Technology , Gitanjali Gems and HPCL
For more details long on : www.niftyfiftystocks.com and then go to weekly newsletter area.
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