Market opened higher and traded with positive bias throughout the day to close in green. On the daily chart, we are observing that prices have managed to stay close above the short-term moving average (5day EMA). This suggests, continuation of the up move. Hence, if indices trade convincingly above 20,452 / 6,151 levels then they are likely to test 20,578 - 20,720 / 6,200- 6,250 in couple of trading sessions. On the downside, 20,088 / 6,043 level may act as support for the day.
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