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Nifty Outlook:

Yesterday, we had raised our target for the week to 15450-520, which is the region where we are likely to head into, in the opening hour today. Meanwhile, the negative divergence discussed yesterday remains potent, and yesterday’s doji raises the possibility of a negative close today. However, with ongoing momentum still capable of large upside leaps, aiming 16500 soon, we will play the reservations by raising the downside marker to 15323. Meanwhile, look for runaway moves to 15680 in the event of a breach of 15520.

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