Nifty Technical View:
The recent gap of 5240-5290 got filled. One can now expect a pullback to 5350-5400 levels if it holds above the 5200-5240 mark.
Traders can buy in intra corrections with a stop of 5195. Just a strategy it may differ with intra moves.
Maintain my view to go stock specific with a buy on dips.
Dabur India --- Stock looks interesting but needs volume support.
Another stock Godrej Consumer Products has given a breakout today. Have initiated a buy today around 450 odd levels. Seems FMCG stocks should catch attention.
Also this augurs well for Godrej Inds as it holds 23% in godrej consumer.
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