Though there were a few uncertain moments when our downside marker of 21484 was penetrated briefly, the anticipated upswings unfolded late in the second half, fully achieving the upside objective of 21630. The turn of events is also consistent with the expectations of sideways moves adopted early in the week. Yesterday’s momentum could help Nifty stretch to the 21740 region, but visibility past the same is limited. Downside marker is now placed at 21550.
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