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vasudevshenoy

Nifty 50 chart analysis

Short
Nifty 50 Index (NSE:NIFTY)  
vasudevshenoy  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
In the chart I have marked most important levels for NIFTY50.
I'm expecting a bearish momentum for NIFTY50 in the coming days.
Reasons for bearishness:
1. Strong resistance at 22782
2. Strong support at 21774
3. Buy zone and Sell zone with just 300 points difference
4. RSI going downwards
Hence I feel market is moving downwards in the coming weeks.
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