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Morning Mantra ( --- 9.00 AM )

Indian markets remain choppy, with the Nifty hanging around the support of 10700 levels but facing strong hurdles as it tries to move beyond 10750. At higher levels, nervousness was clearly visible as traders were hesitant to initiate fresh long positions ahead of Karnataka state assembly elections and were using any pullback levels to book profits. State elections in Karnataka, scheduled for Saturday, will keep the indices volatile and any unfavourable result may trigger a sell-off.
Supports at 10500 levels.

 
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Source : Moneycontrol
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