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Summary:
• Nifty is facing price congestion from 20 DMA and 50 DMA
• 20 DMA is at 17746 and 40 DMA is at 17440
• Trade a breakout up or down from the price congestion zone in the 17446 – 17440 band
• Bank Nifty has support around 20 DMA at 38184
• On the upside resistance is around 40000 levels
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