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NIfty@16140. Getting Ready to hit 16400....

 Nifty cmp 16140.

Nifty recorded high 16275 on Friday.

After 2 days consolidation, nifty today likely to breakout that high 16275 from current levels.

Above 16275, short covering lifts nifty towards 16400+ levels.

As long as nifty trades above 16060, avoid fresh shorts.

Buy on Dips mode.

Regards,

Suryadev Bandari

Research Analyst


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