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Though the candle for this week is a bullish candle and the Nifty made a new high , the action was almost within the range of 5349-5477 adding just 10 points on the upper end. The volumes As seen on the weekly chart Nifty has cemented support at 5349 since last four weeks. This becomes a crucial decider in defining further trend. Till this level is held Nifty will attempt to move higher.
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