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Nifty head and shoulder formation in progress

Nifty 50 Index (NSE:NIFTY)  
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NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns
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Will Nifty head southwards? Time to wait and watch.
Comment:
Slowly and slowly Nifty is heading down. Still it has strength and it pulls back after 200 points correction. Actual crackers will be burnt by the bears once it closes below 10575 levels where bulls will loose confidence and bears will rule.
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