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Nifty Outlook:

The 15950 target that we had aimed for, in the last two days, was fully achieved yesterday. The mild profit booking towards close has not damaged the bullish continuation patterns, that has now brought previous targets of 16000 and 16150 back into the picture. This would mean that despite breakout expectations remaining low, continuation of upsides is a fair possibility. Meanwhile, opening moves need to stay above 15906 to fuel strong upmoves right away. For bearish confirmation, we would wait for a break beyond 15885/860.

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