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bijoy2526
May 25, 2021 4:17 PM

NIFTY needs to take out the resistance. 

Nifty 50 IndexNSE

Description

today's open is almost equal to high.
selling observed at the opening almost.
today in nifty 32 stocks advancing where 18 stocks declined.
nifty has taken support at 20 period of moving average in hourly time frame.
15175 is imp level to watch. today it has closed above this.
nifty forms higher high and higher low yesterday's low has not been violated.
how ever it has to be monitored closely .
today's red candle meant to get rid of weak retailers or real selling.
as per set up of this move we have yet to reach the targets..
most important to see if tomorrow today's high will be taken out or not
or there will be another indecisive day.
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Comments
VishalSancheti
watch the fireworks !!
bijoy2526
@VishalSancheti, much more fireworks left.
VishalSancheti
@bijoy2526, yes talking of that only,, broken your resistance so...
federalOil8875
World indices helping india market so far,just five hours enuf turn weak both global and India
dg1342
Tomorrow I believe will be another indecisive day and it will cross resistance on expiry day. What are your thoughts on that Sir?
bijoy2526
@dg1342, today's selling near the open price is matter of concern. Better to watch tomorrow.
dg1342
@bijoy2526, sure, Sir will take a call tomorrow...
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