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A pullback in the near term is expected, but it would be a counter-trend rally. Once the pullback is complete, the Nifty index should drift lower to the 20-week average
The technical indicators for the SBI Card scrip suggest a bearish momentum, leading analysts to recommend shorting the stock.
As per analysts Nifty has to hold above 19350 zones, for an up move towards 19550 then 19600 zones whereas supports are gradually shifting higher.