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Watch Nifty
Ø Market was volatile the whole day. It went up, touched 5650 , resisted there and went below 5600 and closed thereabouts. Generally, when testing crucial levels, it is expected to make a couple of attempts - instead of one smooth ride That is the reason why one has to wait for two consecutive closes above these crucial levels to avoid whipsaws. A few more sessions are required for a clear signal.
Ø Nifty's resistance for 15/07 is expected around 5650 and then 5700.
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