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Watch Nifty
Ø Nifty continued to be volatile intra-day. However, the fact that it stayed above 5700 is significant. While it may be premature to conclude that the bottom is in place, one has to wait for Nifty to close above 6150 for bullishness. Similarly, Bank Nifty has to show strength for atleast a couple of sessions.
Ø Nifty's resistance for 13/01 is likely around 5950 (+/- 10 pts.)
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