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Watch Nifty
Ø Nifty though listless, has not shown signs of weakness, which by itself is a positive sign. Bank Nifty has shown upside momentum. Nifty has very strong support around 5600. On its way up, it has resistance around 5700 and 5800. One would have to first see it close above 5650 conclusively.
Ø Nifty for 06/07 has resistance around 5680-5700.
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