Nifty is continuing its bullish momentum and manages to close above the 17800 mark - Swastika Investmart
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Technical Outlook:
Nifty (Spot): Nifty is continuing its bullish momentum and manages to close above the 17800 mark that may lead to some more upside towards the psychological hurdle of 18000 however we could see some consolidation after a big run-up. On the downside, 17700 is immediate support; below this 17600-17550 will act as a critical support area.
Banknifty (Spot): Banknifty is also catching momentum but 37900-38100 will act as an immediate supply zone; above this, 38500 will be the next target level. On the downside, 37500-37300 is an immediate support zone while 37000-36800 will be a critical support area.
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