Nifty Chart
Nifty Trend Support 8223-8221 Resistance 8345-8347
10 days MA and 50 days EMA at 8247-8240, So closing basis below 8240
will issue some selling pressure. Already Hold the +ve breakout support
and Short term trend line support.
Long term Support line broken before a week and exactly returned
from 61.8% of the swing 7961-8626. Candle size and the volume
at the time of support line broken provided the clue it will take
resistance at the -ve breakout trend Line.
Consolidation is possible with -ve bias.
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