Nifty outlook for feb-18 expiry.

NSE:NIFTY   Nifty 50 Index
Nifty is moving in a uptrend channel and currently its in the bottom of the channel. So the expected support and resistance are marked on the charts
Comment: NIfty bounced back from the bottom line of the channel. So, it can be expected to close above the 10400 levels
Comment: Although NIFTY didn't move as expected for the Feb expiry, its still within the the channel.So a bounce from there is expected

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