Buy Power Grid Corporation for the target prices of Rs 113.70/114.50/Higher with a stop loss of Rs 110.1: ICICIDirect

We said, "Red channel maintains ... Break of 19596 would mean faster retracement of the entire 13-day upward structure ..." Index opened below 19596, and after an initial rally before GDP numbers, closed back again below the level, down 59 pts or 0.4%. Small-Cap Index lost 1.3%, and A/D worsened to 1:3.

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