The Indian stock market is expected to open in the green as trends on the SGX Nifty indicate a gap-up opening for the broader index with a projected gain of 159 points.
The BSE Sensex climbed 350 points to 57,944, while the Nifty50 jumped 103 points to 17,325 and formed a small-bodied bullish candle which resembles the Hanging Man kind of pattern formation on the daily charts.
According to the pivot charts, the key support level for the Nifty is placed at 17,259, followed by 17,194. If the index moves up, the key resistance levels to watch out for are 17,367 and 17,410.
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