By ending 118 points lower at 19,659.90 amid monthly F&O settlement, Nifty today formed a lower top and bearish candle which is indicating further correction from current levels.Nifty closed below the immediate support of 10-day EMA at 19680, after sustaining above it for 21 consecutive sessions. “Further weakness from here, the market could slide down to its crucial lower support of 20-day EMA around 19500 levels. This moving average has been offering support for the Nifty for the past three months,” said Nagaraj Shetti of HDFC Securities.
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