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Nifty View:
SGX Nifty indicates a positive opening for Nifty.
Watch for profit booking at highs.
Nifty had formed a bearish candle on daily basis.
Global markets were down, Nasdaq was down by 2.19%. Yesterday profit booking was widely affected and we had warned in our telegram group about the profit booking.
Key support of Nifty is placed at 17,280 and resistance at 17,430.
Volatility should be expected as global markets were negative. Hope Nifty wont fall below 17,280.
I expect Nifty to consolidate between 17,280-17,480.
43 of Nifty 50 stocks had closed in Red last day. FIIs were net buyers of 92.54Cr and DIIs were net sellers in the market, worth 1626.58Cr last day.
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