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Opening Bell for December 11 2018

INTRADAY+BTST: BUY SBIN 280PE FIRE..................17.10...........!!!

The market fell sharply on December 10 with the Sensex losing more than 700 points after mixed outcomes from exit polls. Weak global cues amid rising tensions between the US and China also dampened market sentiment.

The Nifty50 closed below psychological 10,500 levels, forming small bearish candle on the daily charts on Monday. Traders retained their cautious stance ahead of outcome of five states' elections which is scheduled to be announced on December 11, and after Urjit Patel resigned as RBI governor.
"The short term trend of Nifty is dicey. All eyes on tomorrow's 5 states assembly election results, which are expected to be out completely by noon," Nagaraj Shetti, Technical Research Analyst at HDFC securities said.
Hence, a 10,450 levels is going to be a make or break situation for the bulls to hold on a defense, he added.
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