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Nifty likely to trade in 11,500-11,700 range

Manav Chopra Head Research- Equity, Indiabulls Ventures, expects the auto sector to show relative outperformance in the coming few weeks. His top picks include M&M, Escorts and Maruti which can give a return of 10-15%. ITC and HUL can see a short-term rally of 5-8%. The Bank Nifty is likely to rally towards 30,650-30,950 levels and he expects SBI, Axis Bank and Canara Bank to see an upside of 8-10% from the current levels. Any decisive close above the immediate resistance level of 11, 700 that could trigger a rally towards 11,850-12,250, Manav said. 

Read More at The Economic Times News date : 15 Apr 2019, Monday

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