Nifty has shown movement of 300-500 points in the last two candles. It is headed for a movement upwards and can see a rebound at the 52w high levels but if shorts created at the level can fuel short covering, and the resistance is broken decisively, there can well be a 100-200 point move upwards.
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NIFTY corrected from the resistance. Trade in this setup only after the resistance. Reiterating.
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What a reversal from the resistance. This was despite the US markets had shown positive numbers. Technical Analysis!!!! :)