NIFTY MAY SERIES ( 1ST WEEK ANALYSIS )

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Nifty is looking uncertain, and closing isn't giving much confidence for the upside. But if somehow Nifty crosses and sustains above 24188, then we can expect the upside to continue upto 24650+ . A big boost for the upside would be 24400. On the downside, if Nifty breaches 23850, then we can expect further retracement upto 23600-420.

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