Market Live: Sensex gains over 150 pts; all sectoral indices in green except IT

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"Going ahead, breach of Tuesday’s low (11,461) would confirm breakdown from an upward sloping trend line, leading to prolonged consolidation (11,600-11,300) in coming sessions amid stock specific action as we enter Q1FY20 earning season," ICICI Direct said.

"In coming session, Nifty is likely to open on a buoyant note tracking firm global cues. We believe, Nifty futures holding above Wednesday’s low (11,468) on a closing basis would open pullback option open towards 11570-11600, else extended breather amid stock specific action," it added.

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Technical Outlook

“Going ahead, breach of Tuesday’s low (11,461) would confirm breakdown from an upward sloping trend line, leading to prolonged consolidation (11,600-11,300) in coming sessions amid stock specific action as we enter Q1FY20 earning season,” ICICI Direct said.

“In coming session, Nifty is likely to open on a buoyant note tracking firm global cues. We believe, Nifty futures holding above Wednesday’s low (11,468) on a closing basis would open pullback option open towards 11570-11600, else extended breather amid stock specific action,” it added.





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