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Good Morning all, Indian Stock market has opened today with moderate gains. Stock market breadth is considered as positive for the day. Indian stock markets are expected to remain volatile ahead of the crucial RBI policy meet tomorrow. Markets are also jittery ahead of the RBI credit policy on Friday and are likely to remain volatile. The 50-share Nifty index has strong support at 4,900 levels and strong resistance at 5,060 levels.
NIFTY TECHNICAL OUTLOOK TODAY :-
SUPPORT :- First support is at 4980-75 level.Next supports are at 4951-47,4912-08
RESISTANCE :- Today the first resistance for nifty is at 5042-46 level.Next resistance ranges are at 5073-76,5096-100
STOCK MARKET TIPS TODAY :-
Following are the stock market recommendations for the day :-
1. 'BUY' Wipro Ltd with a target of Rs 370 and a stop loss of Rs 330
2. 'BUY' Axis Bank Ltd with a target of Rs 1160 and a stop loss of Rs 1140
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