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Morning Mantra ( --- 9.00 AM )

Markets are being overpowered by the bulls and despite being in overbought regions, still moving northwards. Fundamentally and Technically, the current levels need some good consolidations and even a bit of correction but the sentiments look otherwise. Naturally, such state of the market makes it very risky and though there are opportunities, one needs to be extremely cautious with their approach. Nifty is likely to get strong resistance from 10420, 10450 and 10480 levels. There are strong supports at 10320 and then 10270 but once the supports are broken, the slide can be fast.
Trade safely keeping strict stop losses.

 
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Source : Moneycontrol
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