Short

Nifty likely to retrace back to 11123 to 10950 Zone

By rahulundefined

Updated

There is a divergence between nifty and bank nifty. Similar divergence appeared in nov 2010, at that time nifty retraced back to 38% to 50% zone of it previous trend. Similar behavior is likely is current situation.

Note

The divergence has played its part. Target is still the same 11123

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