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Reading Glossary is recommended for better understanding of this column Observations & Possibilities: Market has resumed its Intermediate downtrend. 4850 & 4620 levels are possible on downside for Nifty . Market has given poor weekly closing. Intermediate trend of Nifty will turn UP if it closes above 5210. The red trend line in the chart is important supply zone. [...]
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Wednesday Nifty remained in a tight range of 5120-5150. FMCG stocks were the weakest while auto stoks were stronger than market. Global market trend was up but weak during Indian market hours. A Compressed day formation. - - Market Breadth : 2 Market Trends : Short term trend of market is down. Medium term trend is Up. Medium term trend of [...]
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