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Daily Digest - 17-Nov-16	Download pdf

Market ended a shade lower today after giving up early gains on widespread fag-end selling amid sustained capital outflows by foreign funds and a weak trend in European shares. Sentiment remained upbeat for the major part of the session after lower inflation data raised hopes of a rate cut by RBI next month, but the index turned lower towards the fag-end as profit-booking emerged. Sensex was down 5.94 points or 0.02 % at 26,298.69 while Nifty was up 3.15 points, or 0.04 % at 8,111.60

Positionally, Nifty Index in downtrend and in oversold state on daily charts. Intraday Supports are at 8000/8080 levels & Resistance at 8240/8300 levels.

Chart of the day	BUY above Rs189:Powergrid	CMP:188.50	Target:195	Stop Loss:185
Technical call of the day	BUY above Rs775:HCLTech	CMP:773.85	Target:798	Stop Loss:763