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Bajaj Capital / 12:28 May 04,2018
On Thursday, Nifty has witness for high volatile during the day and it closed at 10680 with 38 points down. Today was 2nd consecutive profit booking day after making recent high of 10784. Technically, till Nifty holds above 1066610633 it is a positive sign for bulls. Now, the short term trend is likely to remains positive on chart.
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In this case it has potential to move towards10888-11222 in coming days. The above positive view is likely to be negated ifit unable to holds above 10666 and it slips further below 10330-mark. As of nowit has good support at 10330. Nifty till trades and holding above 10330 thebiasness may stay on positive side and it may have buy on dips opportunity onmarket.

For the day, the trend is positive only if ittrades above 10722 then it may move towards 10755-10777. If it slides below10655 then it may find the next support at 10633-10611-10588.

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