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Friday was an action-packed session for the domestic markets, where indices tested the nerves of traders as we saw a roller coaster ride throughout the week. Benchmark indices, on a weekly basis, rallied 3 per cent.

Traders should look forward to booking their long positions in the mentioned range since the structure indicates that we are still not out of danger, said Mehul Kothari, AVP- Technical Research, Anand Rathi Shares & Stock Brokers.

“On the downside; 16,000 followed by 15,700 are likely to act as support for the coming week,” he added.

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