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Nifty need to sustain above 22,150 to end the consolidation and march towards the 22,500+ zone else profit taking may resume, says expert.
Several corporate actions scheduled for this week include ex-dividend trading for companies like Sun Pharma, Indigo Paints, Indian Oil Corporation, and Tata Motors, and ex-bonus trading for V R Films, Remedium Lifecare, and Maan Aluminium.
Some consolidation is expected in the Nifty at around 17,600-17,700 but rotational buying across index majors will help in maintaining the positive tone, Ajit Mishra of Religare Broking has said
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