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Indices clinched some gains on a late rise after remaining flat for most of the session. Negative global cues combined with talk of a possible recession are keeping investors on their toes. Most Asian markets remained under pressure on Thursday, with Tokyo plummeting and Shanghai finishing flat. Hong Kong hailed further easing of strict Covid policies and rose sharply in today's session. The European markets are in the red.The Indian benchmark started slightly positive and continued the trading day by remaining flat through Thursday 8 December 2022. Sensex added 160 points to close at 62570 while Nifty closed just above 18600 at 18609, up 50 points.
Nifty had a lackluster trading session
as the index showed no directional movement. For any meaningful directional
move, Nifty needs to go decisively below 18550 or consistently above 18650 .
Support below 18550 is fixed at 18500/18400. On the other hand, above 18650 resistance
is visible at 18700-18800.
Resistance: 18700, 18800, 18900
Support: 18600, 18500, 18400
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