The market is expected to open in the green as trends in SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 121 points.
The BSE Sensex rallied 632 points to 54,885, while the Nifty50 climbed 182 points to 16,353 and formed a bullish candle which resembles Hanging Man kind of pattern on the daily charts.
As per the pivot charts, the key support level for the Nifty is placed at 16,259, followed by 16,166. If the index moves up, the key resistance levels to watch out for are 16,408 and 16,464.
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