Stock Market LIVE Updates: Sensex and Nifty50 likely to make a gap-down opening today

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Trade Setup | Nifty50 may need to cross key hurdle decisively to sustain pullback

The Nifty50 has formed a small positive candle on the daily chart with a long upper shadow, reflecting the presence of strong overhead resistance around 17,900-18,000 levels, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities.

Some weakness in the 50-scrip indexcannot be ruled out, he says.

“The opening upside gap remains unfilled… The charts also indicate a weak bounce in the last two sessions compared to recent weakness from the highs. (What technical charts suggest and key levels to track)

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