“The short-term trend of Nifty continues to be positive. Having moved up sharply in the last few sessions and the placement of hurdle around 20,910 levels (61.8% Fibonacci extension), there is a possibility of consolidation or minor correction from near 21,000 levels in the short term. Immediate support is placed at 20,800 levels,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
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