Nifty witnessed smart pullback from 14650 level where SGX Nifty is suggesting a gap up opening above 15000 - Swastika Investmart
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Technical Outlook:
Nifty (Spot):
Nifty witnessed smart pullback from 14650 level where SGX Nifty is suggesting a gap up opening above 15000 and if Nifty trades above 15075 level then we can expect a further shortcovering rally towards 15150 level. On the downside, 15000-14950 will act as an immediate demand zone.
Banknifty (Spot):
Banknifty witnessed a smart bounceback from 20-DMA where it is likely to open above 36500 level which may lead to a move towards the 37000-37300 zone. 36200-35800 will act as an immediate support area.
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