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Today market opened on a positive note but were unable to sustain the gains which lead the indices to close in red. On the daily chart, after hanging man indices have formed a spinning top which indicates that the prior trend is slowing down and could witness a consolidation of previous up move. In coming trading session, if indices trade below 19,540 / 5,865 levels then they are likely to test 19,380 - 19,280 / 5,810 - 5,779 levels. If indices trade above 19,811 / 5,945 levels then the pattern would be negated and indices may test 19,800 - 19,950 / 5,950 - 6,000 levels.



 

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