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Nifty close 8638 points: The Nifty opened the week slightly lower but gained gradually to close with a gain of 97 points (1.14%) over the week. With this it is now testing the top of 24/07/2015 of 8654 points as the overall bias continues to be up despite the overbought nature of the market in the short term. The nearest Stop Loss should now be shifted up to 8545 points by traders and the 8476-8517 points range by the positional ones.

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