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Summary:
• Nifty is trading between 50 DMA and 200 DMA
• 50 DMA is at 17440 and 200 DMA is at 16640
• Close above 50 DMA will be a bullish sign
• Close below 200 DMA will have a negative bias and declines to lower levels
• Bank Nifty has support from 50 and 200 DMA at 36746 – 36111
• A break of 200 DMA will be considered bearish and declines to lower levels.
• Resistance is at last swing high at 38885 break above will be a bullish
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