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Share Trading 01-Feb

The Indian market opens for trade this morning on a flat and subdued note, with a negative bias. Earlier, the US markets ended flat with the Dow down 20 odd points while Asia is mixed at this hour. Sensex is trading at 17166, down 26 points from its previous close, and Nifty is at 5185, down 13 points. CNX Midcap index is down 0.1% and BSE Smallcap index is up 0.4%. The market breadth is positive with advances at 350 against declines of 262 on the NSE.

Today, the market is likely to find support at the Nifty level of 5150 so one could hold longs with a stop loss of 5150 with resistance coming in at 5250.

Buy HCL Technologies with a target of Rs 446 and stop loss of Rs 431.

Buy Bata India with a target of Rs 720 and stop loss of Rs 671.

Share Trading

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