The Nifty daily trend has been moving up and down while
weekly trend has been able to remain upward and so has
monthly trend. The support for the week is seen near
17600/5275 while the resistance for the week is seen near
18100/5450. Inability of the Nifty to move above 5450
levels has exposed the vulnerability of the markets at higher
levels. We suggest one should look out for selling
opportunities at every rise.
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