As long as the Nifty holds above the 5590 mark, it is believed to climb northwards steadily with bouts of profit booking. If it crosses the 5743 mark conclusively with good volumes a new 52 week high cannot be ruled out, although 5775 will act as a strong resistance. However, in the worst case scenario 5472 should act as a strong support. The dips may be utilized to accumulate key index stocks for a short term.
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