On the daily chart, we are witnessing series of narrow range candlestick bodies, which indicates indecisiveness
and lack of clear trend. Hence, we are of the opinion that if indices trade above 17245 / 5158 levels then it is
likely to test 17360 – 17580 / 5200 -5250. On the downside side 17027 – 16890 / 5092 – 5050 may act as a
support for the markets.
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