RBI rate hike was on expected lines. But Nifty could not sustain above 5775 for long and fell below 5700 levels. As it is expiry day for Jan series, better to keep light positions and if long in nifty maintain the stop loss of supports given earlier(week outlook).
Larsen and Toubro recommended gave 2 percent return in one trading session. It hit our first target of 1700.
It is also our investment pick.
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