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Overnight gains in the US market and upmove in other Asian indices is likely to aid local benchmark gauges in early trades. The positive takeaway is that Nifty’s technicals have improved considerably and, most importantly, the index is now indicating a massive breakout on the daily charts. Traders are likely to go for bargain hunting and value buying amidst improving Asian market cues. Technically, Nifty’s biggest intraday supports are now seen at 21711 mark and then at 21557 level.
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