After much of ups and down, the market witnessed choppy trade today and closed with moderate losses in the end. Today it was a day of consolidation and it is expected that the trend of consolidation may continue tomorrow. On the basis of daily reports and charts we are witnessing a consolidation/correction of the previous rise. However the intermediate trend is up, and market breadth looks positive. On the downside, the Fibonacci retracement levels of 20391-20290-20189 / 6124-6094-6063 may act as support for the day. On the upside, resistance is at 20560-20707 / 6,189-6222 levels. Any move beyond the high of the shooting star, 20707 / 6222 level, would resume the up-trend
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