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Nifty - What Next ?

NSE:NIFTY   Nifty 50 Index
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Nifty 16238 - has broke down the support 16296 and dropped to a low of 16223 and closed at 16238. Ascending broadening wedge pattern didn't get violated and controlled move by operators in today trading. Hence we expect Nifty will drop down to 16175 to trap in sellers and move higher again.

Keep Watch on zone 16210 to 16175 for possible entries according to Nifty trend direction.


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