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This week the Indian market traded within a tight band for the most part until today when the indices broke out of the narrow range and proceeded downwards breaching all important levels. The benchmark indices were at the lowest point since January end this year with infrastructure being among the top losing sectors.
TOP GAINERS & LOSERS
Top Nifty gainers were Cipla, Sun Pharma and Wipro while losers included Bank of Baroda, PNB and BHEL.
NIFTY OUTLOOK 7 MAY
Pivot Level = 5120.3833 , Support1 = 5037.7667, Support2 = 4988.6833, Support3 = 4906.0667, Resistance1 = 5169.4667, Resistance2 = 5252.0833 , Resistance3 = 5301.1667
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