What do we have in store for Nifty? Pre-Budget Analysis

NSE:NIFTY   Nifty 50 Index
Nifty seems to just do breakout and retest from the downtrend since the previous 18600 top. We did a 78.2% retracement of the recent rally(trend channel).
Risk-Reward is in favor of longs here! However, the we need a close above 17600 for confirmation.


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