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Nifty Auto Index - Will it breakout?

NSE:CNXAUTO   Nifty Auto Index
Nifty Auto index has been trading in a channel for quite some time. It gave a good weekly closing last week, above it's all time high.

If the momentum continues, there is a possibility that it can break out of the channel and chase new highs.

Let's for this week to see how it closes.
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