NSEIX:NIFTY1! GIFT NIFTY has reached the previous sell zone which gave nice selling pressure, if gift nifty reacts to sell zone and breaks parallel channel it has formed just below the sell zone , then we can expect a trend reversal with sharp selling unless we get to see sideways movement at the sell zone ant then breakout of the sell zone.
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we are still trading inside the parallel channel and seeing rejection at the sell zone, keep eye on further development
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gift nifty sell zone pushiing nifty future down once again , lets see how strong this push will be for tomorrow's market