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Quote on Nifty from Rupak De, Senior Technical Analyst at LKP Securities

"Market has remained weak as Nifty corrected heavily during the session. On the lower end, the benchmark Nifty has fallen towards the lower band of the falling channel; therefore, Nifty may witness a recovery in the near term. On the lower end support is seen at 15500 below which further correction may be seen. On the higher end, resistance is seen at 16200"

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