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Last Updated : May 13, 2019 12:59 PM IST | Source: Moneycontrol.com

Buy Or Sell | Trade cautiously, be very stock specific

Nifty has formed a strong bearish candlestick pattern on the weekly charts and the market looks quite weak.

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Nifty touched the high of 11770 and breached the support of 11550. All the indices have been on the downside with significant downside in the media sector.

Nifty has formed a strong bearish candlestick pattern on the weekly charts and the market looks quite weak.

Outlook is quite cautious and expect volatility to increase on account of the election results.

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We advise to trade the market cautiously and be very stock specific. The upside resistance is at 11750 while the downside support is at 11097, says Dinesh Rohira, CEO, 5nance.com

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First Published on May 13, 2019 12:31 pm
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