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Nifty nears breakout from Symmetrical Triangle with bullish signals. Motilal Oswal highlights National Aluminium, Power Grid, and Tata Chemicals as top trading picks, backed by strong technical patterns, support zones, and rising momentum indicators.
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In August, over 500 mutual fund schemes favoured top stocks like HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Reliance, SBI, L&T, Axis Bank, Kotak Mahindra Bank, and Mahindra & Mahindra.
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Indian benchmark indices closed higher, fueled by auto, bank, and pharma stocks, while investors await the Fed's policy decision amid expectations of a rate cut. Corporate actions, including dividends and stock splits, are lined up, and several IPOs are set to hit the market. FII/DII activity, technical factors, rupee movement, and crude oil prices will also influence market direction.
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