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As mentioned last week CNX NIFTY has made a high of 8787.40 after crossing its important level of 8630. One thing team NTD wants to mention that there was a missing of strength in every rise as index management and distribution pattern seen in market last week. For coming week 8730 is an important support level to watch. Any decisive close below these levels we can see CNX NIFTY to again go on correction mode all the way up to 8460 following to retest its recent bottom. (8269)

For coming week we are seeing upside is capped at 8850. We are also advice to book profit or exit at every rise as we are seeing limited upside from these levels.

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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