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Technical View: Nifty forms Bearish Belt Hold pattern, 8,750 key for further downtrend
May 18, 2020 | By Moneycontrol.com
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Traders should make use of pull-back attempts in the 8,900–8,950 zone to create fresh shorts and look for an initial target of 8,500 levels, says Mazhar Mohammad.
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The Nifty corrected sharply on May 18, falling more than 300 points despite strong global cues, as details of Rs 20-lakh-crore stimulus package seem to have disappointed the market. The acceleration in coronavirus infections in the country also weighed on sen
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