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WEEKLY NIFTY UPDATE AS ON MONDAY 22th JANUARY 2017
   NSE SPOT (10895)
In our last weekly update, we had suggested to trade +ve with a stop loss @ 10493, and if the NIFTY closes above 10734 on or before 15th January, then it will have higher targets of 10937 - 11344 by january end.

Accordingly NIFTY made a weekly low @ 10666 and rallied to make a weekly high @ 10907 and closed the week @ 10895.It is also important to mention that on 15th january NIFTY closed @ 10741, which is above 10734. It means NIFTY has an minimum upside target of 10939 by end of January.

In the current week NIFTY has support @ 10725 - 10681 - 10558 and resistance @ 10939 - 11058 - 11347.

In the current week, the trend continues to be +ve with a stop loss @ 10725 on a weekly closing basis. As In the month of January 18, the NIFTY has closed above 10734 on or before 15th January, then it will have higher targets of 10937 - 11347 by end of January.

However, once the minimum upside target for January of 10937 has been met, traders have to catutious and modify the trailing to 10725 on a closing basis. In case the NIFTY closes below 10725, on a weekly basis, it can be assumed that the monthly uptrend is over and NIFTY has downside targets of 10681 - 10558. Else the next upside targets on NIFTY will be 11058 - 11347.
 
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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