The Nifty closed on a very strong bullish note. If the Nifty trades above the 5375 mark for longer period with good volume the bull run may continue and if it dips below the 5345 mark a bout of profit taking may occur. However if it remains above 5327 mark on the weekly basis, a short term uptrend taking it all the way up to 5650 or 5700 cannot be ruled out.
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