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Monday, August 1, 2016

NIFTY OUTLOOK

Benchmark indices started a muted note and remained volatile throughout the session. On the higher end price found resistance around 8700 mark which attracted selling in the market. On the lower end price found support around 8600. Whipsaws are visible in daily RSI. Going forward Nifty may witness volatility; on the lower end it may find support at 8600-8575. On the higher end resistances are pegged at 8700-8720.

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