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India Inc on the whole has reported a subdued top line performance mimicking the much-talked about demand slowdown.
Once the Nifty clears the May 2013 high the next resistance in price is the all time high of around 6350. The clearing of these levels then increases the potential that the Nifty will make the 1000 point move.
The Nifty has not broken support, but the US markets have. The index to watch is the Nikkei, with the Japanese govt set to flood the economy with liquidity
The Nifty index behaved in line with expectations. Not only did the anticipated pullback materialise, it also met with resistance right at the 5,750-5,775 range mentioned last week
Here are your intra day picks for the day from various market experts and brokerage houses
With a crucial support level being breached, stocks are likely to hit the skids - including TCS and Bharti Airtel.