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Nifty Analysis for 19 May : Short Covering

Nifty 50 Index (NSE:NIFTY)  
devendra_patil  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators NIFTY BANKNIFTY technical priceaction support
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trendanalysis chartpattern indicator nifty banknifty technical priceaction support
Nifty Analysis for 19 May
short covering can be seen up to level 8924

reason-
1.ltp is at crucial support of 8831
2. rsi showing divergence indicating short covering
3. massive sell off on 18 may.Sellers will be little exhausted now.
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