Yesterday nifty made a new low below 4268.65 at 4249.95 against our expectation. However our bullish bias was confirmed by the second half of the session by closing it at 4340.Today we see the rise to terminate in the 4410 to 4435 range & in extra ordinary conditions only may stretch to 4510.
 
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RECOMMENDATION OF THE DAY
For the day we recommend going long in NEYVELILIGNITE at 130 with the stop of 127 for the target of 138 & 149.