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Nifty 50 Index

Nifty close to Channel Support

By Abhijit_Paul
Nifty loses momentum after losing some grounds in yesterday’s session. The underlying trend is UP but its the momentum which is slipping back. 12,000 stays as the important psychological resistance for the market. On the downside, a slip below yesterday’s low of 11,916 can lead to fresh weakness in the index.
Trend Analysis
Abhijit_Paul
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