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NIFTY OUTLOOK

Despite couple of upside bursts on Thursday, Nifty failed to climb the wall of worry, stalling precisely at the 17374 mark which we had ear marked for the day. Meanwhile, standard deviation studies suggest that we are about to see a range expansion beyond the 17436-17254 band prevailing since the 6 th of Sep, hand having had flat close in the subsequent days. Favoured view expects a bear swing first today, but if 17145 can manages to attract buying interest, then a 1500 point leap higher could unfold.

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