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NIFTY PIVOTS 10 April 2019

NIFTY Daily Clusters

The NIFTY forms an inside bar candlestick pattern on Daily Charts the breakout of range on either side could give a swift move of 100 – 150 points on both sides. Now are in the range of 11662 – 11762.

S1- 11707

S2-11664

D1-11737

D2-11768

Hence overall trend for NIFTY could remain sideways consolidation with some choppiness until range shift occurs in NIFTY and sector specific action to persist.

The NIFTY Pharma sector could continue to be bullish with Cipla, Glenmark Pharma, Divis Labs can inch higher.

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