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MrIndiaMarkets

NIFTY - Time for a healthy correction? (Update)

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Nifty 50 Index (NSE:NIFTY)  
MrIndiaMarkets Uppdaterad   
NSE:NIFTY   Nifty 50 Index
Support and Resistance Trend Lines Wedge
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supportandresistance trendline wedgepattern
As updated earlier, NIFTY hit the 10,500-10,600 range and has now started the move down. 10,480 is a crucial support (the steep small trendline + yesterday's close) - break of which will trigger the move we anticipate.
Handel aktiv:
As mentioned earlier in the day, once 10480 level got breached market quickly tumbled another 200 points. More red likely to come tomorrow.
Trade stängt: Stopp nått:
While the market is still in the wedge, the correction didn't complete as expected.
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