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NIFTY CHART ANALYSED FOR 8th APRIL

NSE:NIFTY   Nifty 50 Index
NIFTY seems much stronger than BANKNIFTY as of now !!
hence analysed NIFTY for you guys βœ…


As we can see NIFTY is currently trading as very crucial level that is 14880 which has been tested since couple of weeks, making that very RESISTANCE weak and hence break of that very level can give some good move 🚨

But one must keep in mind, it has to close it candle above the given resistance!!
Also make sure the global sentiments remains positive else if opens gap down then NIFTY had to cover much which might even lead to FAKEOUT.

Currently trading in ASCENDING TRIANGLE PATTERN which also signifies bull move continuation if the above level breaks with proper candle close βœ…

On the other hand we should not keep our analysis bigotry and also look for shorting!!
Same analysis stands here if candle form outside the ascending triangle pattern and closes its candle one must go short and the level stands 14770

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