Nifty is at a critical juncture. The support and resistance levels for Nifty for the remaining days in the month of August are as under:
Resistance Zone: 17719 to 17779. Major Resistance Zone: 17779 to 18118. Support zone: 17349 to 17606. Other Support: 17178. Level beyond which Bears will regain control over the market: 16616 (Major Support). Long Term Target: 19546
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