22:33
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Gap down opening witness in Nifty future than after that Nifty future take the support of around 5800 and made high of around 5830 than it consolidate around 5800, again made top around 5840.
During the last session Nifty future could not manage to close above the 5820 level. Rupee fall has given more room to bears. For Wednesday trading session we expect there can be sideways movement in Nifty future.
For up move in Nifty can only prevails if Nifty future cross the resistance level 5850 this has become an important level. Closing above this level will only provide zeal to bull otherwise Nifty future can take support around 5770 and 5720. Long term trend is still negative.
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