The market is expected to open in the red on October 7 as trends in SGX Nifty indicate a negative opening for the equity benchmarks in India with a loss of 39 points.
On Thursday, the BSE Sensex climbed 157 points to 58,222, while the Nifty50 rose 58 points to 17,332 and formed a bearish candle on the daily charts as the closing was lower than the opening levels.
As per the pivot charts, the key support level for the Nifty is placed at 17,289, followed by 17,246. If the index moves up, the key resistance levels to watch out for are 17,402 and 17,472.
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