Nifty view for 17th October, Monday
On Monday if nifty maintains above 5140 levels then it would rush to the resistance bands of 5175-5187.
An intermediate support is seen at 5124 for an immediate trading range. Overall a break below 5140 would again drag nifty back to the major supports at 5066-5055-5035.
I would still suggest that buying on dips makes more sense as we may see volatility and choppiness.
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