PreMarket Motilal Oswal 27th May

Nifty started the day with gap up on the back of strong Asian cues and started trading in the range of 4890 to 4860, but in last hour of trade, it broke this range and crossed 4900 mark also, it made a high of 4925 and finally closed at 4917 with a gain of 2.30 per cent. The Advance/Decline ratio was almost 3:1. Nifty has already corrected 50 per cent of the recent fall from 5029 to 4786. Now it has resistance 4936, which is 61.80 per cent retracement level of the recent fall. On the daily chart...

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