Pullback possible, but short-term trend negative as long as Nifty trades below 17650: Rupak De

The index has witnessed a pullback rally and is likely to head higher toward the level of 42000 where stiff resistance is visible. The index in the coming week is likely to trade in the range of 40,000-42,000 and within the range, the undertone remains bullish with a buy-on-dip approach.

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