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Breakout GAP around 17000 zone is expected to provide support during the final legof themarchseries as well. The ongoing consolidation looks like a ‘Broadening formation’ withintheongoingup-move with its upper end placed around 17660 while the base corresponds well with17000.Amongst its trend strength indicators ADX is yet to scale above 25 zone while its +DI sawmarginalfall & hence its reading looks non- directional while RSI also saw a decline but its maintainingitslegs above 50 zone. Option data for the week indicates a broad range of 17000-17500with17200being its midpoint. Intraweek bullish momentum may be witnessed once above17270whichlooks like an ideal level to add longs with a stop below 16920 on a closing basis.

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