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NIFTY TECHNICAL VIEW: Rangebound

Nifty has been hovering in 9000 – 9200 range and is expected to consolidate here before making any major move.
 
9000 is now a strong support and if Nifty falls below this, then the trend may start downward up to the next support level of 8600.
 
Upside will be seen only if Nifty crosses above 9200, and then it may rise up to near 9500.
 
 

 

 

Research/Rangebound/27/March/2017.