Nifty 50 Index

Nifty chart for 08 Feb 2023

71
The index is trading within a down channel.

During intrday Nifty gave a sharp recovery from day's low and closed mildly in red.

For the day I am expecting an upmove above 17850 with maximum potential target of 18008.

On the flip side breaking below 17650 till create intraday selling pressure.

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