Nifty View: The Nifty benchmark index disappointed in the final hours of today’s session as it slipped below the 18,200 mark to bounce back marginally at the end. Because we had a solid close yesterday, the index showed no follow-through buying today as it could not make a higher high today. On the contrary, it slips to test the immediate short term support range of (18,200-18,250). We are now at an exciting juncture, and the price action in the subsequent two sessions will add a lot of clarity to the next directional movement.
Please watch the video for a detailed analysis of the index and stocks.
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