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Nifty Outlook
Yet another Monday kick-started with a gap and this time it surprised pleasantly in the upward direction. Subsequently, the benchmark index consolidated within a range throughout the day by maintaining its positive posture. Amongst a good stock specific action, Nifty managed to reclaim the 14,950 mark on the first day itself. Everything looked rosy and things were very much in place for a breakout from the recent congestion phase. However, all of a sudden, the global markets looked a bit shaky and started correcting sharply from their recent highs. This had a rub off effect on our markets which
