For the second consecutive session, Indian Stock market opened lower and closed in red. Both benchmark indices lost around one percent today.
On the basis of daily charts, we are witnessing a pattern which suggests 'a Bullish Hammer' and this pattern will only be confirmed if indices (Both Sensex & Nifty consecutively) cross yesterday`s high of 18,006 / 5,423 levels. In this condition, indices may test 18,080 - 18,150 / 5,450 - 5,480 levels. Any close above these levels, may lead to 18,300 / 5,520 level. On the downside, 17,860 - 17,800 / 5,380 - 5,345 levels may act as support for coming trading session.
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