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Nifty - What next ?

NSE:NIFTY   Nifty 50 Index
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Nifty 16258 as expected, brought down to 16179 by operators to complete accumulation and has reversed. As the move is taken by operators we expect Nifty has potential to move to 16340 to 16362 zone to a high of 16409 to complete distribution.

Watch resistance zone 16296-16320 and initiate trade according to trend.

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