Commenting on the current market situation, Amar Ambani, Head of Research, IIFL, said, “Nifty extended its recovery for the second day in a row. The rally would further extend if Nifty manages to convincingly breach past the 7705 mark on a closing basis. 7800 would act as the first hurdle on the upside beyond which we see Nifty racing towards the December high of 7980 mark.”
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