Nifty is in strong bullish momentum and managed to close above its 200-DMA - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty is in strong bullish momentum and managed to close above its 200-DMA which has opened the door for the 17700 level however 17330-17475 is an immediate resistance zone. On the downside, 200-DMA at 17000 is an immediate support level then 16800-16650 will be a major demand zone.
Bank nifty :
Banknifty is also continuing its bullish momentum where 38000/38700 is immediate resistance levels. On the downside, 36800/36400 will be immediate support levels.
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