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Technical View | Nifty forms bearish candle, sharp weakness possible below 200 DMA

The Nifty50 defended not only recent low of 16,950 but also 200 days moving average (DMA – 16,987) on October 13, tracking weak Asian cues. If these levels get broken then sharp selling pressure can#39;t be ruled out in coming sessions, till then consolidation and volatility is expected to continue, experts said.

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