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The Nifty in the previous session ended 0.29 percent lower at 10,741.10. It opened on positive note above 10,800-levels and got sold off towards ending the session with a bearish candle.
Ending the session with a bearish candle nearer to day’s low suggests, it may once again challenge supports placed around 10,700 levels. Next most crucial midterm upward trend line support is placed around 10,680 levels. Hence, staying cautious on rise is advised.
However, traders and investors may once again accumulate blue chip stocks on dips around dual supports placed around 10,700 and 10,680
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