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What is NIFTY Market Outlook & Trading Strategies about?

- The NIFTY opened lower and traded in a narrow range before picking up downward momentum to close at 4646, recording a new low of 4639 for the day (paragraph 1). - Key support levels for NIFTY are seen at 4600 and 4540, while resistance levels are at 4700, 4750, and 4770 (paragraph 2). - For Reliance Industries, traders are advised to short below 707 with a stop loss of 728.60 and targets of 768 and 752. For Aban Offshore, traders can go long above 353 with a stop loss of 341.8 and targets of 368 and 380

Author

Devang Visaria

Language

EN