Nifty-breached 100EMA, will it go to 15772
Nifty today breached the 100EMA with a strong red candle, indicating that the pullback was temporary. Next major support is 16588 and 16201. The 15772 level (pls check chart) has a history of prolonged consolidation and one where we could witness a pause and reversal. How soon will Nifty travel this 1200pts downward journey is anyone's guess and only time will tell. Frenzied selling could see it happen in December itself?
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