Nifty today closed at 8899.75 making a low exactly at the trendline @ 8888.20 saving exactly the four fat number 8888.
According to me it is moving a in upward channel and today it had touched the lower channel support, We can expect a good bounce back from here towards the level for a new high waiting around 9070-9080 level.
So this four fat number is important to watch if it is broken then we can see the level 8825-8830 levels.
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