The Nifty50 index is expected to consolidate or experience a turn lower this week, but downside momentum would need to conquer 17885 for it to materialize, according to Anand James, Chief Market Strategist at Geojit Financial Services. The favoured view is that there are prospects for the continuation of the uptrend with a focus on 18600, but the expert also warns of a fair potential for consolidation, once in the 18110-18300 band.
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