Nifty Intraday Outlook 22-Nov

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It was another slumped opening in Indian Stock Market . Both benchmark indices Nifty and Sensex closed with substantial losses today.  Continuing its bearish trend Nifty is expected to remain highly volatile until or unless it finds a positive trigger to change its course of direction. 

For intraday trading tomorrow, Nifty is expected to test the lower support zone of 4,725 and 4,650 levels. On the higher side resistance is placed at 4,850 levels. FMCG and Pharma remain the preferred sectors for long side. Metals and Capital Goods for the short side.

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