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Watch Nifty
Ø Nifty held its gain and closed just about 5650. A simple reading of the graphs indicate that Nifty is steadily gaining strength and may not lose its momentum in a hurry. We would watch for its conclusive close above 5650 for confirmation.
Ø For 05/07, Nifty's resistance is likely around 5700(+/-10pts).
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