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Nifty is at very important level , this week it would be directional move. Watch nifty spot 7850 if it sustain here, expect 8100-8400 in coming months but if not sustain 500 to 1000 points correction is expected. Major support levels on closing basis are 7595-7490-7420-7360-7110-7020 and major resistance levels on the closing basis are 7800-7845- 7895-7925-8071.
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