Nifty 50 approaching long term trendline resistance

NSE:NIFTY   Nifty 50 Index
Fibo hurdle at 13386, and long term trendline resistance at 13495-13450 levels; correction may be seen at these levels; first major support at 12980-12800 levels; if broken, retest of 12430 levels may be seen. Time period next one month, before nifty decides to continue its upward journey. Suggest move your trailing stops tighter. Happy investing !!


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