Nagaraj Shetti, Technical Research Analyst, HDFC Securities said, “Nifty witnessed sharp weakness from the intraday highs on Thursday and closed the day lower by 65 points. After opening on a negative note, the market shifted into a range bound action for the better part of the session. An attempt of upside recovery of mid part has failed to sustain and Nifty showed sharp declines towards the end.”
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