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VCSC Daily - Excitement before government meets on AMC

Technical comment. Risk of correction is high as the VNI has been enjoying a 19-day winning streak. In a typical correction, penny tickers will fall more than bluechips. Investors may take advantage of the correction in the next few sessions to consider opening a new buying point or increasing allocation to stocks. The next strong support levels for the VNI and HNI are 390-393 and 53-53.5 respectively.