“Snapping three series’ losing streak, Nifty rallied 7% in the July series. FIIs added index futures long positions and covered shorts in the recent past. Nifty’s internal breadth turned positive in the past two sessions. Minor throwbacks should be considered buying opportunities, whereas, on the higher side, the ongoing rally is likely to continue till 17,000-17,050 levels,” said Amit Trivedi of Yes Securities.
“Nifty has given a decisive breakout above 16,750 zone, maintaining the levels near 16,900 with a strong close and has strengthened the trend to anticipate for further upward move opening the gates till 17,300 levels with sentiment getting better,” said Vaishali Parekh, of Prabhudas Lilladher
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