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Market Morning Notes For 29th December 2022


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Markets ended on a flat note after the initial attempt to cross 18200 which turned out to be 38.2% of the recent down move and closed below the crucial support of 18130.

Closing below 18130 for the Month of December should be seen as a sign of a major trend reversal with the formation of a ‘Bearish Engulfing line’ on the monthly chart.


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