Technically, in the Nifty hourly chart, Nift faces resistance around the slopping resistance line around 2815 breach of which can take nifty towareds previous high of 2840.
On the downside, breach of 2760 can slide Nifty towards 2710 from where bounce can be expected. A close below 2710 may take Nifty towards Jan 09 lows of 2660. Intraday indicator William R% is in oversold zone and is likely to move into the upper zone.
Stock options:
RENUKA SUGARS, RPL, CHAMBAL FERTILIZERS
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