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umeshsmiles
Oct 4, 2018 3:31 PM

Nifty can bounce back to 10700-10750 after little downward Oct 5 Long

Nifty 50 IndexNSE

Description

Tomorrow on Oct 5, 2018
Technically Nifty is in down trend, it has broken 0.618 level of Fibonacci, next Fibonacci level is of 10352 and there is support at around 10418.
But there is positive news of price drop of petrol and diesel, so it should bounce back after going few points downward.
Also check RSI charts. Bounce back can be 100 to 150 points.

Comment

If it breaks 10,450 approx it can move down further so be cautious

Comment

Nifty can move in the range of 10,500 to 10,700

Comment

Nifty can open 50 points down, please note technically Nifty should move down but due to petrol price and RBI policy news it can recover
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