Key Points
Indian stock market Nifty fell by 118 points to close at 19,659.90, forming a lower top and bearish candle indicating further correction..
Support at 10-day EMA at 19,680 has been broken after sustaining for 21 days, showing weakness and a possibleAgencies..
By ending 118 points lower at 19,659.90 amid the monthly F&O settlement, Nifty on Thursday formed a lower top and bearish candle which is indicating further correction from current levels...
Nifty closed below the immediate support of 10-day EMA at 19,680, after sustaining above it for 21 consecutive sessions..
Further weakness from here, the market could slide down to its crucial lower support of 20-day EMA around 19,500 levels..
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