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"Indian Benchmark Index S&P Nifty is continuing in its bearish trend where 4850 is likely to test which will be the key support level.
Since momentum is bearish so traders are advice to short on any small intraday rally @ resistance level of 4946/4970".
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Nifty will have a bearish move tomorrow too. Next target will be 4870.
For tomorrow “Market trend decider” could be the Industrial Production Data (IIP) Which is expected to come negative around 1% v/s 4% previous.
For tomorrow Support level in Nifty can be seen at 4870
& Resistance can be seen near 4945.
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