Nifty 50 Index

NIFTY - HOW MUCH CORRECTION CAN BE EXPECTED?

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Given the global backdrop, it looks difficult for NIFTY 50 to correct heavily from here as most markets follow the movement of DowJones these days.
Mid Bollinger 9082 & 8900 looks like strong support.
Staying above 9082 it may move up towards upper Bollinger 9867 -10200 (channel edge).

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