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Bajaj Capital / 11:49 Jan 19,2018
On Thursday, Nifty has witnessed for gap up opening taking cues from global cues. It gained more than 90 during the day where it made life time high 10887.5, Y/day it witnessed for high volatile sessions and it lost all the gains in 2nd half and it finally closed at 10817 with 28 points positive. Technically, it has resistance above 10888. Y/day, also it followed the resistance at 10888 and it witness for start profit booking. There is a high probability it may face resistance till budget before heading above 10888.
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If it slipped below 10588 then the biasnessmay turn on negative side and is likely to witness for heavy profit booking. Inthis case it may find the support at 10440-10220 marks in short term. The newfresh bull trend may resume once it trades and sustains above 10955. More


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