The Index went up 55.33 points to close the day at 6878.19. We
maintain our cautious stance on the market around current levels as the Index
is in the middle of its major resistance zone at 6850-6900. A close above 6950
level will rekindle the hopes of a revival on a longer and sustainable basis.
We recommend tactical profit booking around current levels till some clarity
emerges on the trend.
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