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For traders, 59,000 could be an important level, above 59,000, it can can accelerate to level of 59,750-59,900; on other hand, an uptrend below 58,850...
On Monday, the benchmark indices opened with a gap up, but due to lack of follow through buying interest, it corrected sharply in the morning
US Fed stance, short covering, DIIs propel indices upwards
The Sensex index has closed above the peak point of the indecisive candlestick formation, suggesting further upside