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Nifty 50 Index

NIFTY all set for a big move now.

By Equity_OptionTrader
#NIFTY has been consolidating in 1 Hour time for a while now and it's time to make a big leap. Inv. Flag is a bearish pattern. If the Pattern activates, Break Down Target would be sub 14700 levels with minor support at 15200-15050 levels. However, if break down doesn't happen and pattern fails, above 15400 expect NIFTY to reach 15800 in quick time. In any cases, good time for Option Buyers if they catch this movement in time. My personal bias is bearish. Let's see!
Chart PatternsNIFTYnifty50niftyanalysisniftyindianiftypredictionniftytrendTrend Analysis
Equity_OptionTrader
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