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After consolidation in a range of around 150 points in the previous four days, the Nifty50 broke the 19,500 mark on the downside on August 11, continuing a southward journey for the second consecutive session.
This month’s low of 19,300, which also acted as a support before the rally in the second half of July, is expected to be the next crucial support for the index in the near term, whereas 19,500-19,650 is likely to be the key resistance area going ahead, experts said.
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