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Summary:
• Nifty is consolidating in a trading band of 17360 – 16997
• 200 DMA around the lower end of the range is support
• Traders should trade a breakout from the consolidation
• Bank nifty is facing strong resistance from 200 DMA
• The 200 DMA for bank nifty is at 36691
• Bank Nifty can see intra week volatility till 200 DMADMA resistance is not crossed on the upside
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