Jan 09, 2017
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Nifty (8243): We said ‘technically upside still on and the next technical targets in the days to come is 8319-8367-8435’. The Nifty gapped up in the last day of the week and sold off near our target of 8319 and closed in the red.
Technically the Nifty still looks ok as long 8175 is not violated and so some more sideways action is not ruled out. The support for the Nifty is at 8228-8175 and the resistance is at 8319-8367-8435.
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