Buy Power Grid for the target prices of Rs 124.70/126.00/Higher with a stop loss of Rs 121.3: ICICIDirect

We said, "gap-support confirms only on strength sustaining into 2nd half ... Bears would continue to remain in power otherwise." Index opened 130 pts higher, but bears came in to shave off all the initial gains, for a flat finish. Except Auto, all sectors ended flat to negative. Realty Index lost 3%, and A/D ratio remained negative 1:3.

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