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Watch Nifty
Ø Nifty moved down to 5490 level and is very near the crucial support levels of 5350 ( +/- 2%). We are of the view that Nifty should take support from these levels and move up. Time wise, this correction could last till Feb. end or upto March. We believe that this is an opportunity for investors to look at long term investments.
Ø Nifty's support for 31/01 is likely around 5400.
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