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Watch Nifty
Ø Nifty made a good recovery from the lows. It could continue its journey to move towards 4900-4950 before giving way.
Ø Long term Investors should use these sharp declines to buy. Short/medium term investors should also buy on dips and book profits when there is a rally and look for opportunities to enter again at lower levels.
Ø Nifty continues to have good support around 4700 and resistance around 4920-30 in 27/09 trades.
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