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Summary:
• Nifty and bank nifty are on an upswing
• Nifty has support around the 200 DMA and the higher support level is around 17300 levels
• On the upside, the Nifty can test 18000 levels at the upper end of the falling channel
• Bank Nifty has closed above the 200 day moving average on Friday
• 200 DMA for bank nifty is around 36730 which is the support level for momentum traders
• On the upside Bank, nifty can test higher levels around 37600 -38000
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