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04 Dec 2016 | 8:13 PM
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Monthly

Equity Research Report: Rollover Analysis - MAY2015

Nifty has also witnessed some short covering in April contracts like bank nifty futures. The weighted average price for Bank nifty is at 18460 which might be the support for the May series. Breach of 8480 on Nifty futures might reverse this down trend in May series. We expect Banks and Capital goods stocks to outperform in May series. Stocks like HDFC Bank, Axis Bank, ICICI Bank, Yes Bank, Canara Bank from banking sector, Aditya Birla Nuvo, Arvind from textile sector, BHEL, Siemens from capital goods and stocks like L&T finance, Power Grid, IOC etc. can out perform.
04 May 2015 | 11:26 AM

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