“The crucial support for Nifty is at 19,600 levels because put writers are still comfortable with the idea of 19,600 holding as a medium-term support. So, as long as Nifty is defending and holding 19,600, it can definitely bounce back to 19,800, 19,900, 20,000 odd levels again,” says JM Financial’s .Soni Patnaik.
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