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The daily chart continues to display a negative pattern with lower tops and bottoms, indicating a potentially further downward trend. The current upside bounce could lead to another lower-top formation in the short term. If Nifty moves higher, it could face a strong resistance at the recent down gap from January 13 around the 23,350 levels. According to Nagaraj Shetti of HDFC Securities, the near-term trend remains weak, and the bounce could present a sell-on-rise opportunity near 23,350, with immediate support at 23,050 levels.
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DirecTV is launching a package aimed at viewers who watch mostly sports.
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Indian markets rebounded on Tuesday, with the Sensex gaining over 160 points and Nifty50 surpassing 23,100. Momentum, PSU, and metal stocks led gains, while FMCG and IT lagged.
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