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Trade Setup for Wednesday: Top 15 things to know before Opening Bell

Key support level for Nifty is placed at 9,292.47, followed by 9,204.03. If the index continues moving up, key resistance levels to watch out for are 9,436.87 and 9,492.83 levels

April 28, 2020 / 11:17 PM IST

The Indian market closed in the green for the second straight day on April 28, which helped the Sensex climb above 32,000 and the Nifty reclaim 9,300 levels, a shade below its crucial resistance level of 9,400.

The Sensex closed the day with a gain of 1.17 percent at 32,114.52 and the Nifty settled 1.06 percent higher at 9,380.90.

The Nifty failed to hold on to the 9,400 level but closed near its strong opening levels and formed a Dragonfly Doji pattern on the daily charts.

A Dragonfly Doji pattern signals indecision among traders but also indicates that the bulls managed to bring the index close to the opening level. The index has to clear the immediate hurdle of 9,400 for bullish sentiment to continue.