Nifty closed just at 50D SMA. Major supports are at 5250 and then 5200. Both 200D EMA & SMA falls in this range. Below 5200, 4800 is visible. On upside resistance starts at 5300, and then 5350.
Two drops of news to watch: 1) Panel wants GAAR to be extended by 3 yrs. 2) Diminishing hopes for ratecut, diminishing growth rate leading to rating downgrade.
Two drops of news to watch: 1) Panel wants GAAR to be extended by 3 yrs. 2) Diminishing hopes for ratecut, diminishing growth rate leading to rating downgrade.
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