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WEEKLY NIFTY UPDATE AS ON MONDAY 20th NOVEMBER 2017
   NSE SPOT (10283)
In our last weekly update, we had suggested to use 2/3 days decline near 10228 to buy into, with a stop loss @ 10150 on a closing basis for higher targets. NIFTY closed at 10118 and hence it hit our bull stop loss.

In the current week NIFTY has support @ 10150 - 10110 - 9893 and resistance @ 10343 - 10473 - 10555.

Even though NIFTY fell to a low of 10094 and our SL was hit last week, the NIFTY rallied from there to a high of 10343 on upgrading of Indias rating by Moodys. It appears, that the NIFTY has made an intermediate bottom @ 10094.

Hence in the current week NIFTY is likely to initially make a higher bottom to this low. So one can expect the NIFTY to drift down slowly to levels of 10100 on the downside, by around wedesday / thursday. If roughly the NIFTY does not break below 10000 levels , then it can rally once again to retest the earlier highs of 10473 - 10555.

Use 2/3 days decline near 10100 to buy into, with a stop loss @ 10100 on a closing basis for higher targets of 10475-10555.
 
MULTIBAGGER STOCKS
Under the Multibagger stocks category, the following are some of our multibagger stocks given in the last 3 years :
COMPANY BUY PRICE SUBSEQUENT HIGH
SINGER INDIA 60 250+
DISHMAN 50 500+
CHENNAI PETRO 75 250+
MCX 400 1200+
HIMMATSINGKA SEIDE 30 250+
ASTRA MICRO 30 150+
IGARSHI MOTOR 50 500+
MEGHMANI ORGANICS 6 40+
GKB OPTHALMICS 12 100+
 
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