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Friends, buy on declines would be the prudent strategy as possibility of profit booking at higher levels cannot be ruled out which would offer incremental buying opportunity to ride next leg of up move….

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Dear Trader… On the third day of the week, Indian equity benchmarks continued to show a sluggish trend with Sensex and Nifty trading below their psychological levels of 51404 and 15202, respectively. Traders failed to get any sense of relief with Agriculture Minister Narendra Singh Tomar’s statement that the government has been pursuing the target of doubling farmers’ income by 2022 and several interventions taken are showing a ‘positive impact’.

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