The market is expected to open on a cautious note as trends in the SGX Nifty indicate a flat opening for the broader index in India on Wednesday with a gain of 19 points.
The BSE Sensex fell 98 points to 53,416, while the Nifty50 declined 28 points to 15,939 and formed a bearish candle on the daily charts with lower high lower low formation.
As per the pivot charts, the key support level for the Nifty is placed at 15,841, followed by 15,743. If the index moves up, the key resistance levels to watch out for are 16,054 and 16,168.
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