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Observations & Possibilities: Breakout by Nifty today. Nifty has broken the green line in the chart. The Intermediate trend is still DOWN with target of 5040 & 4960 on NIfty. Breaking 4960 may take Nifty to 4200 in few months. Intermediate trend of market will turn UP if Nifty closes above 5345. Higher risk in initiating fresh long term investment. Market Technicals: [...]
Tags: Nifty breakout
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