Buy Indraprastha Gas for the target prices of Rs 267.50/270/Higher with a stop loss of Rs 260.7: ICICIDirect

We said, "Stalled candle touching White channel ... failure can result in weak action ..." Index reacted lower from the upper white channel, and finished 169 pts or 0.8% lower. Except Oil&Gas, which ended flat, all other sectors finished in the Red. The Auto and Metal Indexes lost over 2% each, and A/D ratio worsened to 1:5.

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