Nifty to consolidate for a bit?
Support from 20EMA has held nifty up on daily chart. It did not breach PDL which is a good sign that the bottom is holding. Doji on the weekly chart, also it is far from 20EMA. With heavy selling from FII's tough to be sure about whats coming. Anyway from the daily and weekly charts, possibly we will have a consolidation at these levels with Nifty remaining within a range. And lets' hope the selling abates and the bottoms hold.
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