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A quick correction possible
For now, 79,700 would be the sacrosanct support level, above which market could move up to 80,500-80,750; However, below 79,700, we could see one...
Higher India VIX a cause of concern
Nifty moved above the 8EMA, but failed to close above this short-term average; The volume was much lower in last 13 days
Sensex forms bullish candle
Charts indicating higher bottom formation; For now, 50-day SMA or 73500 would act as key resistance areas, above 73,500 markets could touch upto...
Market texture still non-directional
If Sensex slips below 73,700 level, then possible one quick intraday correction till 73,400-73,200 range
Market texture still non-directional
75,125 would act as a trend-deciding level; Above that, the market can move towards 75,350-75,500-75,800; Below 74,650, the market may retest...
Mkt still holding lower top formation
As long as market is trading below 72,500 the weak sentiment is likely to continue, on the other side, above 72,500 the sentiment could change and...
Market hovering in non-directional mode
72,900 would act as an immediate resistance zone, above the same, market could move up till 73,200-73,400. On the flip side, the index could slip till...
Charts indicate losing steam in rally
Daily MACD histogram shows a dull momentum; The prior week’s low of 22,224 is the nearest support, and 10-wk average of 21,929 is the strong support