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The index has strong resistance on the high side around levels of 8280 and next major resistance at levels of 8350. On the downside 8150 is a key support for the index and major support for the index is placed at 8050 levels. If this support is breached, expect a sell-off in the market and the market is likely to move up to levels of 7900 in the short term.

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Bullish on Capital Goods and Oil & Gas. Bearish on Technology-PSU Banks and Metals Overall Investors should consider buying at every Dips, Overall market outlook very bullish for long term investors with the right stocks

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