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Critical support Held yesterday. Bounce possible today.

Bulls succeeded to hold critical support zone 11850-11800. Banknifty too reached to support zone. Today both indices can bounce from current zone as upside pattern not yet completed and one upmove is due. 
Buy on Dips mode.
Regards, 
Suryadev Bandari
Research Analyst.

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Market likely to take a PAUSE.

 After our update, Nifty rallied from 19225 to 20095, it appears that, nifty likely to take a pause before another rally. Technically , Negative Divergence formed in Hourly charts. Five inner waves appears to be completed as per Elliottwave Perspective. Several other parameters indicating that markets likely to cooloff from over bought position. It's time to be cautious on taking fresh long positions.  As far as possible, keep booking profits, at least , partial profit booking and keep strict stoploss to remaining long positions. Key supports to watch 20000-19870-19700.  Resistance 20100-20200. Regards, Suryadev Bandari Research Analyst