Sudeep Shah says: “Looking forward to the next couple of trading sessions especially in a holiday-shortened week and subdued FII activity expected, it is anticipated that the Nifty may consolidate within the range of 21100 to 21600 levels. From a technical perspective, Nifty IT has recently witnessed a stage-2 consolidation breakout on a weekly scale. Presently, it is trading above both its short and long-term moving averages.”
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