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As maintained in the last two days, reclaiming of 19770-840 region is critical for Nifty towards resuming the 20160 trajectory. Until then, Nifty could continue show tendencies to resume the ongoing slide with eyes on 19460. However, fall in VIX as well as a hammer candlestick pattern formed yesterday, raises the hopes that the downtrend that has been on since coming close to 20k last week, is about to reverse. Towards this end, we will look to play upsides while above 19675, with downside marker at 19620.
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