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Bajaj Capital / 02:29 Jan 09,2019
On Tuesday, Nifty had witnessed for the positive opening at 10786.25 and closed at 10802.15 up by 30.35 points or 0.28 recovery in last couple of hours of trade and ended volatile session on a positive note, driven by global cues. Technically the short term trend seems positive on chart as it traded and holding above an important level of 10660. It is likely to consolidate at current level with positive biased in between 10630 on downside and 10880 on upside before heading uptrend.
Overall the trend seems positive as of now till itholds above 10660. On downside, it has good support at 10660, as of now, whichis likely to hold in short term. On upside it has potential to move towards10950- 11100-marks in near term. For the day, it seems positive on chart If ittrades above 10780 then it may move towards 10880-10930. If it slides below 10750then it may find the next support at 10630-10570. More...
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