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Going forward, the Nifty uptrend will continue with the bears fleeing for cover, but at current levels, we may see consolidation and profit booking in some sectors. However, for any significant upward move to occur, index heavyweights, the likes of HDFC Bank, ICICI Bank, and Reliance will need to lead from the front. Levels to watch out for Nifty are 21,150-21,200 as resistance on the upside and 20,650-20,700 as support on the downside.

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