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Nifty Outlook:

Monday’s low remained undisturbed on expected lines, yesterday, while the anticipated upswing stretched just about as far as the day’s target of 14868. This has formed an inside bar, but requires reversal confirmation. Towards this end, unless early upsides pierce 14868, by much margin, the potential for a momentous downside still looms large. We have marked 14850-15100 as an iffy region which will favour bulls slightly though. Looking ahead, inability to close above 15100 in the next few days would set the trend firmly in track of piercing the 14481-281 runaway gap. 

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