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Bajaj Capital / 10:52 Oct 24,2017
Indian Indices have opened with a positive note after long weekend. Nifty was volatile in 1st half and it closed at 10185 with 38 points positive. Technically it has an immediate hurdle above 10220. As of now it seems positive on chart and short term trend may turn positive once it gives closing above 10220 and then it has potential to move towards 10440-10550 in coming days. The above view is likely to valid on chart until and unless it slips below 9960-mark. For the longer as well as medium term deciding levels is still 9660. The medium as well as long term trends are likely to be down only if it breaches below aforesaid level of 9660. Till it holds 9660 on downside any dip would be buy opportunity on dip near support zone. Overall the short term trend is positive and biasness also remains positive on chart.
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For the day, If Nifty Oct future trades andsustains above 10222 then it may have potential to move towards 10255-10277. Ifit slips below 10155 then it may find the next support at 10133-10001

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