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Nifty outlook and top trading ideas by Sacchitanand Uttekar, DVP – Technical (Equity), Tradebulls Securities:
Nifty Outlook:
Nifty has been crawling throughout the current month but has managed to keeps its float about 11,500 & inched higher towards 11,800 marks. Out of last 15 trading sessions it has witnessed 11 sessions with narrow ranged action with 7 Doji formations throughout the course. It has been respecting its 5 days EMA & has ensured a close above the same throughout and a close below the same could signify exhaustion of the existing run. Index has been trading in close proximity to its upper
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