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Posted by : Simran Shah Wednesday, 20 August 2014

Nifty Future & Bank Nifty Outlook
It is likley to trade in the range of 7840 - 7940. The trading strategy would be to create short near at 7915 - 7920, Stop above 7950, for targets of 7880/7860. On the other hands, once can enter longs if the index finds support near at 7840 - 7850 levels.

The momentum buying is likely to continues up to 15700 - 15750 levels. On the lower side, immediate strong support at 15450/15350 levels for the day.

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