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ipuneet
Jan 17, 2021 4:29 PM

Downward channels formed on Nifty n BankNifty both. Short

Nifty 50 IndexNSE

Description

Besides downward channel, ADX and RSI both indicating weakness.

Stay short till there is no visibile signs of reversal.

Unlike on daily charts, hourly charts are indicating clear weakness.

Important levels are mentioned on my posts covering daily charts.


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