NIFTY OUTLOOK FOR NEXT WEEK 13-17 JUNE

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Nifty will face Stiff Resistance in the range of 5550/5620 levels and a close above this level will only provide strength to it whereas on the downside immediate Support is seen at 5390/5330 levels and a decisive maintenance below these levels may continue the downfall for the index. For the coming week, selling pressure may continue to prevail at higher levels. High volatility can be witnessed as RBI monetary policy is scheduled next week.

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