While dips continue to be bought, there are indeed signs of distribution, which challenges- Geojit Financial
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NIFTY OUTLOOK
Last couple of days’ consolidation has taken the edge off the trend, which would have otherwise rendered it vulnerable for sharp turn lower from overbought levels. Prospects of a vertical rise beyond 18100 looms large, as long as the consolidation or dips do not extend beyond 17660-540.
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Trend reversal in FPI investment from buying in last 3 months to selling in Sep
