Stock Market Prediction For Tomorrow 17-Mar

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Markets opened higher and traded with positive bias throughout the day to close in green as the positive cues from the global markets. On the basis of Nifty daily charts we are observing that prices have managed to stay close above the 20-day EMA. The immediate resistance for the indices is at 18,470 / 5,540 levels.

For next intraday trading session any move above 18,470 / 5,540 would lead indices to test 18,640 - 18,750 / 5,580 - 5,610 levels. On the downside, markets could find support levels at 18,225 - 18,120 / 5,475 - 5,440.

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