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The Nifty formed a bullish candle after forming a bearish candle on the daily candlestick charts on Tuesday. Investors are advised to remain neutral on markets and adopt a stock specific approach.
The index which opened at 10,693.35 rose to an intraday high of 10,766.25. It slipped below its 5-DEMA to hit an intraday low of 10,689.85. It finally closed 23.90 points higher at 10,741.70.
According to Pivot charts, key support level is placed at 10,698.93, followed by 10,656.17. If the index starts moving upwards, key resistance levels to watch out are 10,775.33 and 10,808.97.
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