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Nifty close 8572 points:The Nifty opened flat but ended below the first trading support of 8600 points after yet another week of dull sideways trading. This indicates that the Bears have put a foot in the door which would have been slammed upon them if the 8728 points level was crossed decisively. However, the more important support is 8517 points which has to be broken from a short term trend perspective. Till then we would continue to see a broad range of 8500-8700 points continuing.

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