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The brief consolidation can continue in the range of 16,400-16,800 post which the index will be set to extend higher. Thus a potential minor degree dip towards 16,450-16,400 can be taken as a fresh buying opportunity. Beyond 16,800, the Nifty is expected to test 17,000 in the short term, says Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

Market may remain volatile amid geopolitical tension, inflation data, US Fed, BoE meeting



Name Price Change % Chg
Sbi 470.35 1.65 0.35
Indiabulls Hsg 150.95 1.50 1
Ntpc 131.95 -1.00 -0.75
Nhpc 28.45 -0.10 -0.35

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