Nifty Has Important Support At 8,540: Pradip Hotchandani

PUBLISHED ON: October 5, 2016 | Duration: 11 min, 55 sec

   
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Pradip Hotchandani, head research at Prudent Broking Services, says the Nifty appears to have entered a phase of consolidation after six months of upmove wherein the benchmark index rose over 30 per cent. However, the uptrend in Nifty will resume once it breaks its immediate resistance placed at 8,800, he adds.
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