Clear as Crystal!
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The chart speaks for itself!
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Why come to 13150 level around. Reasons could be: 1. Today it broke the 6 Months 8-touch support trendline, next good support is on 13150, the support it took on 21st December's crash of 3.14% down. It was the biggest post-covid crash so far. 2. 13150 is the 0.5 fibo retracement level 3. Nifty might be moving in a channel so again, 13150 is the bottom of the...
Market is bearish. Take the trade if closes good enough with proper risk management.