Tuesday, June 20, 2000
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This week we focus on a complete analysis of the
infrastructure industry
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NIIT could now face resistance 

K Seshadri  
NIIT has risen to a level, where it could now face a resistance. It has moved up from Rs 1561 to Rs 2525. The stochastic is in the overbought region. The current price also happens to be a region where the price stayed for a long time. If it manages to break upwards it could move to Rs 2567. But given the rise of the last two days, it is more susceptible to reaction.

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