Trade Setup for August 18: Will potential GST cuts spark a relief rally for the Nifty?

The Nifty reclaimed its 100-DMA at 24,560, which will now serve as an immediate support. However, over the past month, the index has struggled to cross its short-term 21-DMA at 24,770. A decisive move above this level is crucial to unlock further upside towards 25,000.

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