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The markets showed a strong undertone in the truncated trade week when they finished in a positive tone after breaking a loss of six weeks. Nifty remained within a relatively narrow range, oscillating between 24,347 and 24,702, with a weekly trading range of only 355 points. Despite a short week because of the Independence Day […]
Nifty has fallen five consecutive weeks and can also remain under pressure this week. The index stands for immediate resistance in 24,800-25,000 zone, with support at 24,500. A break below this level can cause a deeper sale. Healthcare, cement and FMCG sectors can show relative strength, while caution is advised in IT and Metal supplies. […]
