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Below the Comment on Nifty@25000 by Mandar Bhojane, Equity Research Analyst, Choice Broking

Nifty has hit the 25,000 mark for the first time, reaching a high of 25,078.30 before experiencing sharp selling at these all-time high levels. The 24,950 level is expected to act as immediate support. If the price closes above the 25,000 level, it could further rise to the 25,200 and 25,400 levels. Every dip presents a buying opportunity, especially near the 24,800 and 24,600 levels. The market is anticipated to remain strongly bullish above 24400 levels.

The Relative Strength Index (RSI) is trading at 73, indicating a strong bullish trend. However, since it is near the overbought zone, caution is advised.

By the end of this year, levels of 25,600 and 26,000 are expected to be reached. Investors are advised to hold and trail their positions. Those participating in Systematic Investment Plans (SIP) can also continue their investments for the long run, as every dip will be a buying opportunity in case of any correction.

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