NIFTY 50 : TRADE CAUTIOUSLY

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Post Election :

Nifty has shifted the tracjectory from 1st to 2nd channel and since no looking back.

Within a month it moved above 2nd channel trading with increasing trendline.

For every fall, top of 2nd channel acted as support..

As on date : 24500 is a strong support, breaking same market will enter 2 channel.

Trade cautiously.

Note
Nifty is back into 2 channel.

1st Resistance : 24500

1st Support - 24070
2nd Support - 23880
3rd Support - 23680
Trend Analysis

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