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Pharma index dips, but takes support at retracement

Bhagyashree Vivarekar 0 915 Article rating: 5.0

When almost all the sectoral indices have supported the benchmark indices in its marginal upswing, the Nifty Pharma index, continued to fall shedding more than 0.5 per cent. Recently, it has bounced back from 50 per cent retracement of an upward rally from double bottom. However, we can expect fresh buying in the index only above 9,100 levels.

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