The Nifty correction continues as the Index breaks below the 6170 support. We examine possible support levels for Nifty as well as the Bank Nifty. We also discuss different scenarios for the Nifty and suggest trades for the next few days. The CNX IT provides continues to provide us with opportunities. Stocks in focus include Axis Bank, ACC and Tech Mahindra. For each of these stocks, we analyze their technical picture, identify trades with stop loss and targets. Suddenly, the JPY-INR currency pair has come in focus. And, then we have Copper, giving us the possibility of a trade. Included is a review of the Infra Index which suggests interesting trading possibilities.
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Deeper correction may be coming: Sukhani
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