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Nifty 50 Index
Long

Nifty Outlook for next week

By MrBanik
Nifty neither ready to go up nor ready to go down. If we see the chart we may notice that nifty gradually makes ascending triangle pattern. What good is that it trades above 20 DEMA. So I'm inclined to go bullish. Once the stiff resistance of 17980-18000 breaks it would surely go towards 18200.
Trend Analysis
MrBanik

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