The implication of LTCG and lack of incentives from budget force Markets to drag down.
Technical Comments: – On the Daily Chart, The Nifty 50 index forms a long Bearish candle and closed near the day low with weakness.
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On the Weekly Chart, The Nifty 50 index forms a Bearish Engulfing Pattern signs further weakness or profit booking in the coming time.
Nifty 50 index has immediate support at 10660-10500 in the coming time, Whereas immediate resistance place at 10900-11120.
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