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SEE NIFTY CHART AT THE END OF THIS COLUMN. Reading Glossary is highly recommended for better understanding of this Column. Nifty is stuck in the range of 6050-6150. Investors are safe as long as Nifty is trading above 5930. Breakout bellow that level might create panic in market. So 5930 is exceptionally important level in next few [...]
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CLICK TO ENLARGE THE NIFTY CHART Nifty has failed to sustain above 6280. Nifty RSI is not supporting the up trend in Nifty, and suggesting caution for bulls. Important support on Nifty : 6110. Investors are safe as long as Nifty is trading above 5930. Nifty’s short term trend is up. Nifty’s Intermediate trend is up. [...]
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Reading Glossary is recommended for better understanding of this column Observations & Possibilities: Nifty has broken 4960 decisively. In short term 4850 & 4620 levels are possible on downside for Nifty. 4200 possible in few months on NIfty. 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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