“Nifty has now fallen below the critical 21-day Exponential Moving Average (21-EMA). The sentiment appears bearish at this point, with a key support level identified at 19,600. A breach below 19,600 could potentially initiate a more significant market correction. On the upside, 19,800 is expected to serve as a resistance level,” Rupak De, Senior Technical analyst at LKP Securities.
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