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The Nifty settled with more than half a percentage gain amid volatility last week, although restricting itself to within the consolidation phase that we have been witnessing. However, recovery in the broader indices eased some pressure on market participants.
Technically, the index continues to hover within the 10,550-10,850 zone throughout last week. We believe that sustainability above 10,800 is essential for the Nifty to gain some momentum.
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