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Nifty down over 1,000 points from its peak; watch out for 17,775 level next week: Mehul Kothari

At this point in time, both Nifty and Bank Nifty are hovering near their recent lows. For Nifty, a fresh round of selling would emerge below 17,775 whereas for Nifty Bank, the support is placed at 41,500.
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