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Bajaj Capital / 10:36 Apr 26,2018
Nifty opened on a negative note and it has accelerated the profit booking during the day and finally it closed at 10570 with 44 points down. Technically, it has been holding above an important support level of 10330 from last couple of days, which is a positive sign for bulls. It seems on chart that it may move towards next level of 10660, where it may face resistance above it. The fresh bull-run start is likely to once it trades above 10660 only.
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Till it trades below it has risk andprobability to witness for profit booking in aforesaid resistance level. Theprofit booking is likely to more accelerate once it got re-breached the 10330on down side. In this case it may find the next support at10220-10030-9960-9660. Overall the support seen at 100330 as of now.

 

Forthe day, the trend is positive only if it trades above 10611 then it may movetowards 10633-10666. If it slides below 10555 then it may find the next supportat 10522-10488. More...
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