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Nifty View for 7th December 2017

Nifty (10044) we said ‘technically the trend is still down but the first sign of strength will be displayed when the Nifty starts to trade above 10150’ The Nifty opened weak and traded down towards our target of 10013 and has closed in the red…technically the Nifty is still weak and our logical technical target of 10013 is within reach and bounce from 10013 is not ruled out…but a breach of 10013 could take it further down to 9994-9923

The crucial support for the Nifty is at 10013-9994-9923 and the resistance is at 10100-10140

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