The short-term trend of Nifty continues to be positive, and one may expect further upside in the coming week. The next upside levels to be watched are around 20,510 (50% Fibonacci projection, taken from March 23 bottom-Sept 23 top-Oct 23 bottom).
200 DMA: Rs 585.82| LTP: Rs 609.85
Crude oil price: Prices came under further pressure after US President Donald Trump indicated that he was unlikely to authorise fresh attacks on Iran if
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