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Bulls regained strength and moving higher.


As expected, Bulls succeeded in defending crucial support zone 12000-11970 zone and bounced back from day low levels.
Now Nifty trading in Bulls zone, short covering rally can emerge any time from now.
Bulls can take nifty higher towards 12100-12150+ levels.
Avoid fresh short sellling.
Go long for higher targets.
11970-11900 acts as strong supports.

Regards
Suryadev Bandari
Research Analyst
 

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