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• Nifty ended 144 points higher on Thursday, forming a high wave type candle pattern on the daily chart.
• The short-term uptrend trend status of Nifty remains intact and there is a possibility of Nifty moving towards 19200-19300 levels again in the coming sessions before consolidating again from the highs.
• The US Federal Reserve's less hawkish stance on monetary policy and upbeat corporate updates contributed to the bullish sentiment in global markets.