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Angel Broking: The trend deciding level for the day is 18,648/5,612 levels. If Nifty trades above this level during the first half-an-hour of trade, then we may witness a further rally up to 18,815-19,111/5,665-5,755 levels. However, if Nifty trades below 18,648/5,612 levels for the first half-an-hour of trade then it may correct up to 18,352–18,185/5,523-5,470 levels.
SMC Global : The market may open flat on the back of mixed cues from global markets. Most of the Asian stocks dropped, led by exporters and banks, on concerns that the global economic recovery will stall as a political stalemate continued over raising the US debt ceiling.
US stocks finished lower on Tuesday as a mixed batch of earnings reports failed to stem investors’ caution over the deadlock in Washington’s debt negotiations.
As per provisional figures, foreign institutional investors (FIIs) sold shares worth a net Rs 177.75 crore on Tuesday. Domestic institutional investors bought shares worth Rs 31.49 crore.
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