As predicted yesterday, the Nifty did bounce back from the support of 5652. For further gains the market must trade consistently above the 5677 mark, immediate resistance being at 5694. However, below the support of 5660, it will find support at 5628 and then 5604. The outlook is consolidation with bullish bias in the face of choppy trades due to the looming expiry of F&O series for September tomorrow.
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