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The Nifty rose to a fresh record high in morning trade on Monday thanks to strong global cues, pared gains towards the closing of the session and formed an Inverted Hammer kind of pattern on the daily candlestick charts.
The Index opened at 10,718 and closed at 10,741.55. It formed an intraday low of 10,713.80 and a record high of 10,782.65.
The Nifty closed at 10,741.5 on Monday. According to Pivot charts, the key support level is placed at 10,709.3, followed by 10,677.1. If the index starts to move higher, key resistance levels to watch out are 10,778.2 and 10,814.9.
The Nifty Bank closed at 26,069.2. Important Pivot level, which will act as crucial support for the index, is placed at 25,910.8, followed by 25,752.4. On the upside, key resistance levels are 26,159.71, followed by 26,250.2.
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