Nifty 50 Index
Short

NIFTY-Trapped in a range

111
NIFTY: Witnessing sell on rise and trapped between its major resistance of 22150-22200 and support of 21900. NIFTYs direction is likely to be based on these levels.breaching below 21900 on a closing basis likely to shed another 300-500 points ,whereas close above 22150-22200 where all its critical DEMA lies would renew the rally. i personally carry a negative bias with sell on rally till it decisively holds above 22150-200 range(For educational purpose only)

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