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Summary:
• Nifty and bank nifty trading above the 200 day moving average
• Nifty and bank nifty are facing resistance around the upper end of the channel
• The breakout above the channel can see a further upswing
• Nifty can test 18000-18200 levels on the upside
• Bank Nifty can test 39000 levels on the upside
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