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1. The Sensex is hovering close to 20000 mark. One can Watch for a close above this level for a possible new rally as 20000 level is a psychological barrier. The upper targets are placed at 20076-20237-20515 (SENSEX) & 6011-6141 (NIFTY). The lower trading supports are placed at 19364-18915 (SENSEX) & 5795-5642 (NIFTY).
2. In case rate of interest is lowered in fed meet we may see another rally commencing and reliance will in that scenario will breakout beyond 3000 levels.
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