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Nifty is trading in the horizontal trading range from last few trading sessions. In the downside it is getting good support close to the level of 5350. Closing below this support may further create some weekness in it. Still technically it is looking strong & one may expects the uptrend to continue in the market. For trading strategy we already recommend that one should buy nifty future at every dips until it close below 5300 for the targets of 5450, 5500.
Sensex is getting the good intra day support close to the level of 17850. Closing below this support may drag it till the lower levels of 17300 to 17400. In the upside it is facing the stiff resistance close to the higher levels of 18000 to 18050. From few trading sessions it is making the horizontal trading ranges in charts.
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