Correction probably complete, markets resume uptrend; Nifty may again touch 9000-previous high; trend is up; buy on dips with stop under 8550

Up move continued in Bank Nifty. Prices have seen a breakout from its resistance at 19100 and closed above to it. Private Banks are outperforming the Banking Sector. Trend is up in CNX IT. Price continued it up move and closed above 12400. Look for buying in IT Stocks.

We have ALUMINIUM in METAL SECTION. Prices are trading inside a range a breakout in either direction may give us a trading opportunity. We have PHARMA in Sector Focus. Trend is up in this sector. We will discuss the current scenario of PHARMA Stocks. Stock in focus includes HCL TECH, M&M FIN, SUN PHARMA and YES BANK. For each of these stocks, we analyses their technical picture; identify trades with stop loss and targets. At the end we will discuss JPY INR in Currency Tracker Section.

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