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    Market set-up: Next stop for Nifty a close above 20-DMA of 17,172

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    Market set-up: Next stop for Nifty a close above 20-DMA of 17,172

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    For the broader NSE Nifty50, the key level to watch out for is a close above 20-day moving average (DMA) of 17,172.

    For the broader NSE Nifty50, the key level to watch out for is a close above 20-day moving average (DMA) of 17,172.
    A close above that will add confidence that the base formation is done. After any sharp and brutal correction, market needs a little bit of time to form the bottom, the base before the smoother kind of upmove can happen.
    Also Read:
    Two days the market has done well, today (December 23) maybe the third day. 17,200 is going to be the first test at least today and in the near-term.
    Watch the accompanying video of CNBC-TV18’s Prashant Nair for more.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
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