Today markets traded with higher choppiness but by the end of day finally manage to close in green. On the basis of daily charts and reports it is observing that the prices breached the crucial support levels of 19,769 / 5,937 on intraday basis, but have managed to close well above it and have formed a candlestick pattern that resembles a "Hammer". Therefore in coming trading session only if indices trade convincingly above 20,056 / 6,076 levels then they are likely to test 20,088- 20,216 / 6,100 - 6,120 levels. On the downside, any close below 19,769 / 5,937 would intensify selling pressure and indices may test 19,598 / 5,880 levels.
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