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Synopsis
Gaurav Ratnaparkhi of Sharekhan said Nifty50 may see a brief consolidation near the 15,700-15,850 range before heading towards the 16,000 level on the upside. Mazhar Mohammad of Chartviewindia.in said the 15,900-600 trading range may continue for some time. "The monthly charts have registered two back-to-back indecisive candle formations with a narrow range of 450 points, hinting at pausing momentum,” he said. Here’s a look at what some of the key indicators are suggesting for Monday's action:
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