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Nifty View for 13th April 2018

Nifty (10459) we said ‘technically I would still maintain that Nifty looks a bit stretched and so some profit booking in the upper regions is not ruled out’ the Nifty opened flat and traded flat for the day to close in the green…technically now 10562 is a possibility but it would get stretched as well as it proceeds higher…crucial support to watch would be 10400

The crucial support for the Nifty is at 10400 and the resistance is at 10562

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