In yesterday's trading, Nifty surged, but buyer caution prevailed due to heightened Middle-East tensions. A noteworthy positive was Nifty's broad-based upward movement, breaking a three-day losing streak. The featured stocks of the day are DIXON TECHNOLOGIES, ZOMATO, IRCTC, NMDC, TITAN, and COAL INDIA, with a bullish stance on ZOMATO, recommending long positions at CMP 114 with targets at 121/143 and more aggressive one-year targets at 175, and a stop at 69. The market also observed increased US bond yields and foreign institutional investors turning buyers. Eyes are on President Joe Biden's Middle-East visit, Q2 results, and technical analysis, indicating Nifty's resistance at 20000 and a Volatility Index at 10.69.

 


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