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past short term calls follow-up/performance***(stocks to watch)

date,stock,reco price,high,% gain at high

***all analysis are based on self chart study only, actual trading gains may vary.

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    Tuesday, August 30, 2016

    as per previous post a downside support zone was marked in dotted rectangle and a movement upto 6350 was expected possible, after which I could not update market views.

    nifty found base near 6900 and saw a major recovery to 8800.

    there is bullishness on long term charts.

    current view is support around 8300, max downside around 8000 i.e 6% from here.

    long term upside is as given before i.e around 10500 i.e 22% from current nifty level.

    therefore risk-reward ratio is still very good for long term investors buy on correction or market dips.

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