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ParimalDevnath
Apr 16, 2018 2:50 PM

Nifty, Consolidation Long

Nifty 50 IndexNSE

Description

A large positive candle followed by a Doji candle indicating strong bullish sentiment. Nifty has shrugged off the fear of geopolitical volatility that gripped it in the opening session. Bulls could hold above 100 DMA and 5 DMA and also closed above these DMAs. Immediate resistance comes at the resistance zone of the consolidation band,
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