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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trade Setup For April 7: Nifty Finds Short-Term Support At 22,800-22,700 Levels

  • The Nifty 50 may find short-term support at 22,800-22,700 levels, with the index potentially experiencing deeper declines if it breaches below 22,800.
  • The Bank Nifty may find key support at the 51,000 zone, and a fall below this level could indicate vulnerability in the uptrend.
  • The NSE Nifty 50 and BSE Sensex ended the day with declines as concerns about global trade tensions affected the Indian markets.
  • Foreign portfolio investors remained net sellers, while domestic institutions turned net sellers after several buying sessions.

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