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• Nifty formed a small-bodied candle with minor upper and lower shadow on the daily chart, indicating indecisiveness in the market.
• The overall chart pattern remains positive and Nifty may advance towards 19600 levels in the short term.
• Momentum indicator MACD showed bullish trade on the counters of Poonawalla Fincorp, Jyothy Labs, Aurobindo Pharma, EID Parry, Oracle, and Ashok Leyland.