U.S. stocks lift indices to record highs - Karvy

U.S. stocks rose on Thursday, lifting benchmark indices to record highs, after jobless claims fell and earnings from corporations including UnitedHealth Group Inc. topped expectations as investors heard from Federal Reserve Chairman Ben Bernanke. Asian stocks fell in morning trade, erasing the week's gain, as technology shares slid after results from Google Inc. and Microsoft Corp. trailed estimates.

Trade long in the Nifty above 6050 with the stop loss of 6020 for the target of 6070 and 6100 levels. Alternatively, trade speculative short if the index slips below 5980, targeting support levels.

Source : Equity Bulls

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