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A list of important headlines from across news agencies that could help in your trade today.The 50-share NSE Nifty recovered sharply from lows for the second consecutive day in a row on Tuesday suggesting accumulation by market participants at lower levels. The index formed a bullish candle on the intraday charts as the closing level was higher than the opening level.
The index which opened at 10,295 rose to an intraday high of 10,594.15. It slipped below its 100-DEMA to hit an intraday low of 10,276 before bouncing back towards 10,500. The index closed 168 points lower from its previous close at 10,498 levels.
According to Pivot charts, the key support level is placed at 10,318.27, followed by 10,138.33. If the index starts to move higher, key resistance levels to watch out are 10,636.17 and 10,774.13.
The Nifty Bank closed at 25,811.30, down 1.10 percent. Important Pivot level, which will act as crucial support for the index, is placed at 25,176.54, followed by 24,541.77. On the upside, key resistance levels are placed at 26,293.34, followed by 26,775.37.
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