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Watch Nifty
Ø Nifty as expected, reacted sharply after a good pull back of over 50 points. The downward pressure on Nifty could continue till 4700-4800 with equally sharp pull backs.
Ø Nifty's support for 17/08 is expected around 5000, 4950-70 and resistance around 5180-5200.
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