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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trade Setup For July 9: Nifty Finds Resistance At 25,650

  • The Nifty 50 may see a potential uptrend with resistance at 25,650-25,700 and support at 25,450-25,300 levels.
  • The Nifty and Bank Nifty formed bullish candlestick patterns, indicating consolidation with a positive bias for the coming sessions.
  • Key resistance and support levels for the Nifty were identified at 25,600-25,800 and 25,200–25,000 respectively.
  • Bajaj Broking recommends a 'buy-on-dips' strategy for traders in both Nifty and Bank Nifty Indices.

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