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NIFTY 50 VIEW FOR MAY

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NSE:NIFTY   Nifty 50 Index
NIFTY IS PRESENTLY TRADING IN A 300 POINTS RANGE SINCE LAST 20 TRADING DAYS. IT IS PROBABLY FORMING A H&S PATTERN. IF IT FOLLOWS THE PATTERN THEN A MOVE UPTO 11300 IS POSSIBLE. IF IT BREAKS THE LIFETIME HIGH AND GIVES A CLOSING ABOVE THAT WE CAN WITNESS 12000-12200 LEVELS.

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