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A list of important headlines from across news agencies that could help in your trade today.The Nifty 50 which started with a gap down opening on Friday morning recouped some of its losses and closed significantly higher, making a bullish candle on intraday charts. However, on weekly basis, it has formed a small bearish candle.
The Nifty which opened at 10,416, slipped to an intraday low of 10,398. It bounced back after hitting its 100-DMA to close the week 121 points lower at 10,454.
According to Pivot charts, the key support level is placed at 10,408.73, followed by 10,362.47. If the index starts to move higher, key resistance levels to watch out are 10,490.73 and 10,526.47.
The Nifty Bank closed at 25,463.65, down 1.76 percent. Important Pivot level, which will act as crucial support, is placed at 25,357.03, followed by 25,250.37. On the upside, key resistance levels are 25,584.33, followed by 25,704.97.
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