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Explore Now Nifty opened with a gap down on Friday amid weak global cues and the bulls were seen to have lost strength as the index dragged towards the 14,850 mark. The market witnessed a volatile weak and is now seeing a pause in the momentum. It got stuck in a broader trading range and concluded the session with a loss of around 140 points. Nifty formed a Small Bearish candle on the daily scale with long shadows on either side, which indicated a tussle between the bulls and the bears. The index continued to form lower highs and lows for last two sessions. Now, it has to cross and hold above the 15,000 mark to witness a bounce towards the 15,150 and 15,250 levels, while on the downside, immediate support exists at 14,800 and then 14,600 levels.

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