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Sensex, Nifty reverse 4-day winning streak; Reliance, select pharma stocks ease on profit taking

Sensex, Nifty reverse 4-day winning streak; Reliance, select pharma stocks ease on profit taking
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Trade setup for Indian equity markets for February 11, 2021

Nifty Bank snaps 9-day gaining streak in a choppy session, ends below 36000 India VIX snaps 3 day gaining streak, faces resistance at 200-DMA Mumbai: Yesterday was an extremely choppy session for Indian equities with the Nifty slipping below 15000 during intraday trade before closing flat with a positive bias. It took support near the RBI policy day high of 15015 multiple times during the previous trading session.  The Nifty Bank snapped its 9-day gaining streak to end below 36000 and underperformed most in 2 weeks. It has an open gap support placed at 35413.  The India VIX index snapped its 3-day gaining streak after facing resistance at its 200-day moving average. 

Trade setup for Indian equity markets for February 05, 2021

Updated Feb 05, 2021 | 08:48 IST The Nifty extended its rally to 4 days in a row and climbed over 1250 points so far this week. The 50-stock index closed 100 points below 15000 and is on track for the best weekly performance since 12 April 20. Representational image   Nifty extends rally to 4 days in a row, rises over 1250 points Nifty Bank surpasses 35000 first time ever, extends rally to 6 days in a row, up 15% WTD All sector indices gain except Nifty IT  Mumbai: The Nifty extended its rally to 4 days in a row and climbed over 1250 points so far this week. The 50-stock index closed 100 points below 15000 and is on track for the best weekly performance since 12 April 2020. 

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