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Tech View: Nifty forms green candle, buy-on-dips favoured above 22,725. How to trade on Thursday
Given broader market strength, a buy-on-dips strategy remains favourable if Nifty holds its recent low of 22,725. The 21-Day Simple Moving Average at 23,230 is a key hurdle, and a breakout above this level could confirm a near-term bottom reversal, said Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
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