Nifty -Pullback from 100EMA
Nifty has shown a strong pullback from 100EMA. Next level to watch out for is 17989 and possible resistance at the 20EMA if the downward channel is respected.
Downward bias is still there till we see a breakout with a strong candle of the upper channel boundary.
We can expect some more consolidation at this level with some more pullback till expiry.
Let us hope the FIIs can push it back into the upward sloping channel.
Downward bias is still there till we see a breakout with a strong candle of the upper channel boundary.
We can expect some more consolidation at this level with some more pullback till expiry.
Let us hope the FIIs can push it back into the upward sloping channel.
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