Last week, I estimated ranged between 39,300–35,600 and 18,125–16,825 on the Bank Nifty and Nifty, respectively. These held perfectly despite all the volatility. The Nifty saw an exact low of 16,825. This week, I estimate ranges between 37,850–34,200 and 17,800–16,500 on the Bank Nifty and Nifty, respectively. Trade light and maintain stop losses diligently.
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